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How Will Barnes & Noble (BKS) Stock React to CEO Departure?

NEW YORK (TheStreet) -- (BKS) announced the departure of CEO Ronald Boire after Tuesday's market close.

The board of directors determined 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 New York-based bookseller also said that its executive chairman Leonard Riggio will postpone his retirement until a later date.

Riggio was scheduled to retire at the close of the company's annual meeting on September 14.

Barnes & Noble said it will immediately begin an executive search for a...