Demos Parneros
Demos Parneros | |
|---|---|
| Personal details | |
| Born | March 10, 1962 Cyprus |
| Residence | Boston, Massachusetts |
| Alma mater | New York University |
| Profession | Businessman |
Demos Parneros (born March 10, 1962) is an American businessman who was previously the chief executive officer of Barnes & Noble[1] and president of North American retail and online at Staples Inc.[2]
Early life
[edit]Born in Cyprus, Parneros moved to New York City when he was nine years old. He graduated from New York University with a Bachelor of Science degree in management.[3]
Career
[edit]Parneros began his career at Macy's Inc. and then held multiple management positions at Staples before joining Barnes and Noble in November 2016.[4]
Staples
[edit]Parneros joined Staples in 1987 as general manager of its first store in New York City and worked in the company's human resources, marketing, merchandising and store operations divisions.[5] In 2002, Parneros was appointed president of the company's U.S. Superstores and responsibility for over 1,000 locations.[6] In 2012, Parneros was appointed president of Staples North American Stores’ 1,800 locations and the company's online business, Staples.com.[7] Under Parneros, Staples launched its first omnichannel stores, customer kiosks that merged the company's retail and online product offerings.
KeyBank
[edit]Parneros served on the board of KeyBank from 2014 to 2018.[8][9]
Barnes & Noble
[edit]Parneros was appointed chief operating officer of Barnes & Noble in November 2016. In April 2017, he was appointed CEO, with responsibility for all company operations, including brick-and-mortar stores, merchandising, e-Commerce, publishing, IT systems and real estate.[10][11] At the time, Barnes and Noble was searching for effective ways to compete with Amazon and strengthen its retail and digital Nook businesses.[12] While the brick-and-mortar bookstore market stabilized, the company continued to experience sales and revenue declines. As part of Parneros’ turnaround strategy, Barnes & Noble designed and opened smaller store locations and refocused on book sales.[13]
In 2019, the company opened its first five prototype stores, half the size of the traditional stores, to align with its omnichannel sales approach.[14] Parneros was terminated in July 2018 for alleged violation of company policies.[15] Parneros subsequently sued Barnes & Noble for breach of contract and defamation.[16] In October 2020, Barnes & Noble and Parneros agreed to amicably settle the case with all claims dropped.[17]
Personal life
[edit]Parneros lives with his wife, Debbie, in Boston, Massachusetts. They have two children.
References
[edit]- ^ Trachtenberg, Jeffrey A. (2017-04-27). "Barnes & Noble Names Demos Parneros as Chief Executive". The Wall Street Journal. ISSN 0099-9660. Retrieved 2022-02-18.
- ^ Francis, Jack (2014-04-01). "Demos Parneros, President, North American Stores & Online, Staples | OPI – Office Products International". Retrieved 2022-02-18.
- ^ "Barnes & Noble Names Demos Parneros CEO – Alumni – Harvard Business School". www.alumni.hbs.edu. 5 May 2017. Retrieved 2022-02-18.
- ^ "2018 Commencement Speakers Announced". Endicott Observer. 20 March 2018. Retrieved 2022-02-18.
- ^ "Barnes & Noble Appoints Demos Parneros as Chief Operating Officer". Barnes & Noble Inc. 2016-11-21. Retrieved 2022-02-18.
- ^ www.bizjournals.com https://www.bizjournals.com/boston/stories/2002/04/22/daily47.html. Retrieved 2022-02-18.
{{cite web}}: Missing or empty|title=(help) - ^ Alter, Alexandra (2017-04-27). "Barnes & Noble Names Chief Executive, Its Fourth Since 2013". The New York Times. ISSN 0362-4331. Retrieved 2022-02-18.
- ^ KeyCorp. "KeyCorp Elects Demos Parneros To Board Of Directors". www.prnewswire.com (Press release). Retrieved 2022-02-18.
- ^ Glynn, Matt (19 July 2018). "KeyCorp reaches $450 million cost-save target from First Niagara deal". Buffalo News. Retrieved 2022-02-18.
- ^ "Barnes & Noble Appoints Demos Parneros as Chief Operating Officer". Barnes & Noble Inc. 2016-11-21. Retrieved 2022-02-18.
- ^ Lindner |, Matt (2017-04-27). "Barnes & Noble promotes Staples veteran Demos Parneros to CEO". Digital Commerce 360. Retrieved 2022-02-18.
- ^ Alter, Alexandra (2017-04-27). "Barnes & Noble Names Chief Executive, Its Fourth Since 2013". The New York Times. ISSN 0362-4331. Retrieved 2022-02-18.
- ^ "Facing Growing Losses, Barnes & Noble Is 'Going Small'". Observer. 2017-12-01. Retrieved 2022-02-18.
- ^ Milliot |, Jim. "B&N Will Open Five Prototype Stores in Fiscal 2019". PublishersWeekly.com. Retrieved 2022-02-18.
- ^ Wang, Christine (2018-07-03). "Barnes & Noble fires CEO Demos Parneros for violating company policies". CNBC. Retrieved 2022-02-18.
- ^ Horowitz, Julia (2018-08-28). "Former Barnes & Noble CEO sues over his firing". CNNMoney. Retrieved 2022-02-18.
- ^ Andrew Albanese |. "Barnes & Noble, Former CEO Abruptly End Litigation". PublishersWeekly.com. Retrieved 2022-02-18.