Indigo Announces CEO and President Succession

Indigo Books & Music Inc., Canada's largest book and lifestyle retailer, announced that its Board has approved leadership changes within the organization effective September 5, 2022. Heather Reisman, Indigo's founder & Chief Executive Officer, has been appointed Executive Chair; Peter Ruis, Indigo's President, will assume the role of Chief Executive Officer, and Andrea Limbardi, Indigo's Chief Customer and Digital Officer, has been appointed President. Additionally, Mr. Ruis has been appointed as a member of Indigo's Board of Directors.

As Executive Chair, Ms. Reisman will continue to drive Indigo's vision and growth strategy while also remaining deeply involved in the business.

On the appointment of Peter Ruis, Ms. Reisman said "Having worked with Peter closely over the last 20 months, I have full confidence that Peter is the right leader for Indigo and that he will be instrumental to both our future success and to sustaining the core values and culture that have underpinned this organization since its founding."

Mr. Ruis added "I am honoured and delighted to be taking on the new role. I would like to pay tribute to Heather's 25 years of creating and running this incredible brand and look forward to our new partnership as we shape the future. I would also like to thank Indigo's Board of Directors for their thoughtful and diligent work in this transition and am appreciative of the confidence both Heather and the Board have placed in me."

On the appointment of Andrea Limbardi, Ms. Reisman said "In the over 20 years that Andrea has been at Indigo, she has continually taken on more and more responsibility always making an exceptional contribution. I know, as does Peter, that Andrea's leadership is key to achieving our ambitions."

"I am excited and energized to continue building upon the strong foundation of Indigo's values and brand to deliver on the growth opportunities we see ahead," said Ms. Limbardi. "I am grateful to Heather for her visionary leadership, and look forward to continuing to work with Heather, Peter, and our amazing teams as we continue to bring Indigo to new heights."

The Board and its Human Resources, Compensation and Governance Committee have been involved in the entire succession planning process and worked with the executive leadership team to ensure an effective and seamless transition.