Barnes & Noble Names Executive To Head New Restaurant Group

Barnes & Noble Inc. has named Jaime Carey president of development and restaurant group, effective immediately, and Michael Ladd has been named vice president of stores, effective June 27. Carey, who joined the company in 2003 and has been chief operating officer since July 2015, will lead real estate development for the bookseller as well as the newly-created restaurant group. Barnes & Noble will open four new concept stores in fiscal 2017 featuring a restaurant menu that includes wine and beer. Ladd joins Barnes & Noble from Sears Holding Corp. where he was senior vice president and head of retail stores. At Barnes & Noble, he will be responsible for business growth, training, recruitment, and other duties. Barnes & Noble shares are up 3.3% in premarket trading, but down 40.4% for the past year. The S&P 500 is down 1.8% for the past 12 months.