August 19, 2008 / 5:09 PM / 11 years ago

Barnes & Noble's online CEO resigns

NEW YORK (Reuters) - Barnes & Noble Inc (BKS.N), the largest U.S. specialty bookseller, said on Tuesday the chief executive of its online business resigned.

Barnes & Noble said Marie J. Toulantis’s duties have been assumed by E-Commerce vice president Tom Burke and Kevin Frain, its chief financial officer. The bookseller said Toulantis will remain with the company as a consultant.

Barnes & Noble said earlier this year it was looking into a potential acquisition of Borders, its rival and second-largest U.S. specialty bookseller, but last week published reports said that was unlikely.

Reporting by Sarah Coffey; Editing by Andre Grenon

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