Barnes & Noble fires CEO Demos Parneros for violating company policies

Barnes & Noble fires CEO Demos Parneros for violating company policies

Barnes & Noble said Tuesday that it has fired CEO Demos Parneros for violating company policies.

Parneros joined the company in 2016 and was named CEO in 2017. He was previously president of Staples’ North American stores and online.

In 2016, Barnes & Noble also dismissed Parneros’ predecessor, Ronald Boire. At the time, the company said Boire was not a good fit for Barnes & Noble and that it was “in the best interests of all parties for him to leave the company.”

Under Parneros’ tenure, Barnes & Noble shares shed 32 percent.

Shares were little changed in after-hours trade Tuesday. The stock has fallen more than 10 percent so far in 2018.