Indigo Books & Music, corporate parent of Kobo Books, today announced the appointment of a new President. Veteran retailer and current Indigo Board member Tedford G. Marlow will take the reins of this Canadian company effective April 1st. The current President, Joel Silver, will be stepping down and will take a position on Indigo’s Board of Directors. He’s also going to lead Trilogy Growth, the majority shareholder of Indigo.
Indigo also announced the appointment of Kay Brekken, Senior Vice President, Finance to the position of Chief Financial Officer, effective April 1st. Ms. Brekken succeeds outgoing CFO and COO Jim McGill who will remain with Indigo in the COO role until July.
Indigo is the majority owner of Kobo Books, the fast growing eReader company. As of last count, Indigo owned about 60%. There’s no word on how this will affect Kobo Books.