Barnes & Noble Promotes Demos Parneros to Chief Executive Officer

NEW YORK–(BUSINESS WIRE)–Barnes & Noble, Inc. (NYSE:BKS), today announced the
promotion of Demos Parneros to Chief Executive Officer and a member of
the Company’s Board of Directors, effective immediately. Commensurate
with the appointment of Mr. Parneros, Leonard Riggio will step down as
CEO and remain Chairman of the Board of Directors.

“It has become abundantly clear over the last five months that Demos is
a perfect fit for our Company and an outstanding choice for Chief
Executive Officer,” said Leonard Riggio. “He is highly respected by our
Board of Directors and our leadership team, and I believe Demos is fully
prepared to help foster a new era of growth for Barnes & Noble.”

Mr. Parneros has been Chief Operating Officer of Barnes & Noble since
November 2016. He joined the Company with 30 years of leadership
experience in all aspects of retail management, including operations,
human resources, merchandising, e-commerce, marketing and real estate.
Prior to joining the Company, Mr. Parneros served as President, North
American Stores & Online at Staples, Inc. He joined Staples in 1987 as a
General Manager and worked his way up the ranks through multiple
management positions, including Senior Vice President Mid-Atlantic
Operations, President, US Stores, President, US Retail, and President
North American Stores & Online, where he was responsible for a team of
50,000 associates and 1,800 stores and Staples’ online business. Mr.
Parneros has been a director of KeyCorp since January 2014 and a
director at Modell’s Sporting Goods since July 2009. He received his
B.S. from New York University and graduated from Harvard Business
School’s Advanced Management Program. He can be found on the following
social media platforms: Facebook,
and Twitter.

About Barnes & Noble, Inc.

Barnes & Noble, Inc. (NYSE:BKS) is a Fortune 500 company, the nation’s
largest retail bookseller, and a leading retailer of content, digital
media and educational products. The Company operates 634 Barnes & Noble
bookstores in 50 states, and one of the Web’s premier e-commerce sites, (
The Nook Digital business offers a lineup of popular NOOK® tablets and
eReaders and an expansive collection of digital reading and
entertainment content through the NOOK Store®. The NOOK Store features
more than 4.5 million digital books in the US (,
plus periodicals and comics, and offers the ability to enjoy content
across a wide array of popular devices through Free NOOK Reading Apps™
available for Android™, iOS® and Windows®.

General information on Barnes & Noble, Inc. can be obtained by visiting
the Company’s corporate website at

Barnes & Noble®, Barnes & Noble Booksellers® and Barnes &® are
trademarks of Barnes & Noble, Inc. or its affiliates. NOOK® and the NOOK
logos are trademarks of Nook Digital, LLC or its affiliates.

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BKS – Financial


Barnes & Noble, Inc.
Ellen Keating, 212-633-3323
Senior Vice President
Milevoj, 212-633-3489
Vice President
Investor Relations