In response to declining sales, Australian retailer Booktopia has withdrawn its guidance and announced staff departures, including the resignation of CEO David Nenke. Nenke has been at Booktopia since last year, after leaving Barnes & Noble Education. During his six-month notice period, operational duties will be assumed by chair Peter George, who will become executive chairman. Former ceo Tony Nash, who also sits on the board, will become an executive director and sales director for the next six months. During this time, directors’ compensation will be paid in company shares. The company will eliminate at least 50 positions from its […]
