The Canadian book and lifestyle retailer said in a release Thursday it is seeking “the right leader to move the company forward” while Ruis serves as a consultant for two months. CFO Craig Loudon and senior vice-president Damien Liddle will also work with the board to lead the company in the interim. Indigo shares closed down more than nine per cent on the Toronto Stock Exchange.
(The Logic)
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The Canadian book and lifestyle retailer said in a release Thursday it is seeking “the right leader to move the company forward” while Ruis serves as a consultant for two months. CFO Craig Loudon and senior vice-president Damien Liddle will also work with the board to lead the company in the interim. Indigo shares closed down more than nine per cent on the Toronto Stock Exchange.
(The Logic)
Talking point: Ruis was appointed president in February 2021 and CEO in September 2022. During his tenure, he led the company through the challenges of COVID-19 and a ransomware attack that exposed some employees’ data and took its website offline. His resignation comes months after another leadership shakeup: in June, founder and executive chair Heather Reisman announced her retirement, while four other directors resigned with Dr. Chika Stacy Oriuwa citing “loss of confidence in board leadership” and “mistreatment.” At the time, she said she had “full confidence” in Ruis. Indigo’s president and longtime employee, Andrea Limbardi, left to begin her role as Reitmans’s CEO and president this week.
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