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Barnes & Noble Says CEO Boire ‘Not a Good Fit’ and Will Step Down

Barnes & Noble CEO Ronald Boire is parting ways with the company.

Leonard Riggio is back—for now.

Less than a month before he was set to step down as executive chairman of Barnes & Noble Inc. at the book retailer’s annual meeting, Mr. Riggio, 75 years old, is instead taking over as the company’s acting chief executive.

Barnes & Noble said Thursday that its board had ousted Ronald Boire as CEO after concluding that Mr. Boire “was not a good fit for the organization and that it was in the best interests of all parties for him to leave the company.”

The bookstore chain said it would begin searching for a new CEO immediately.

Mr. Boire, the former CEO of Sears Canada Inc., joined Barnes & Noble last September as chief executive shortly after Barnes & Noble completed the spinoff of its college bookstore unit Barnes & Noble Education Inc.

At the time of Mr. Boire’s hiring, Mr. Riggio said his experience, leadership ability and track record made him “an ideal chief executive for Barnes & Noble.”

In his relatively brief...