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Indigo announces new president and CFO

Indigo Books & Music has announced major changes in its senior ranks.

Effective April 1, current president Joel Silver, a well-known figure in Canadian publishing circles, will be appointed to Indigo’s board of directors. Silver will lead Trilogy Growth, a partnership with Trilogy Retail Enterprises LP, Indigo’s majority shareholder.

Taking over from Silver in the role of president is current board member Tedford G. Marlow, a seasoned international retailer who most recently served nine years as the global president for Urban Outfitters. Marlow has also held senior positions at Neiman Marcus, Saks Fifth Avenue, and Limited, Inc.

In addition, Indigo senior vice-president of finance Kay Brekken is being promoted to the position of chief financial officer, also effective April 1. Brekken succeeds outgoing CFO and COO Jim McGill, who will continue as Indigo’s COO until July.

Indigo founder and CEO Heather Reisman said in a press release: “We are deeply grateful for the contributions that have been made by both Mr. Silver and Mr. McGill. Each has made an invaluable imprint on our Company.”

Reisman added: “It is most exciting to welcome Ted to our Company. As our industry changes, we are committed to becoming the world’s first lifestyle store for booklovers as well as being major participants in the evolving world of ereading through Kobo.”