![]() Over time, like other book retailers, Indigo faced incredible competitive pressure from the emergence of Amazon. In 2001, Indigo became the largest book retailer in the country when the company merged with Chapters. Reisman opened the first big-box Indigo bookstore in Burlington, Ont., on Sept. Ruis’s tenure was marked by upheaval, as Indigo faced a debilitating cyberattack and had to cope with major shifts in consumer sentiment. Limbardi could not be reached for comment. Ruis’s resignation, or whether it was related to the recent board departures. Perri did not respond to questions on Thursday about the reason for Mr. Reisman announced she would step back and take on the role of executive chair of Indigo’s board. He joined Indigo as president in February of 2021, and was promoted to CEO last September, when Ms. In June, nearly half of the company’s board of directors departed at once, and the company acknowledged in a press release at the time that one of the directors had left because she had lost confidence in the board’s leadership and because of “mistreatment.” The same day that the board departures were announced, Indigo also said founder Heather Reisman would retire on Aug. There has been significant turnover in Indigo’s upper ranks in recent months. Ruis has agreed to work with the Toronto-based retailer for two months as a consultant, to support a leadership transition, according to the release. Chief financial officer Craig Loudon and senior vice-president and general counsel Damien Liddle will “provide day-to-day direction” in the near term, according to the company release. Ruis’s departure now leaves Indigo without a CEO or a president for the time being, as it prepares for the crucial holiday season.
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