Indigo founder Heather Reisman retires, almost half of board steps down
Indigo Books and Music founder Heather Reisman announced she is retiring as almost half of the book retailer’s board of directors steps down.
"The time has come for me to retire from an active role at Indigo," Reisman said in a news release on Wednesday.
Heather Reisman, 2022 inductee, poses for a photograph on the red carpet for the 2022 Canada’s Walk of Fame Gala in Toronto, on Saturday, December 3, 2022. THE CANADIAN PRESS/ Tijana MartinOn Aug. 22, she plans to retire.
She founded the Toronto-based book shop 25 years ago with the first location in Burlington, Ont. Since then, Indigo has grown into the largest book retailer in Canada after merging with Chapters in 2001.
Her “Heather's Picks” section of the store, which marks books she has read and loved with a sticker of approval, has become a cornerstone for the company. Aside from books, the company dove into beauty and wellness goods, and home decor in recent years.
"Deciding when it is time to move on is one of the toughest decisions a Founder must make, but I know this is the right moment for me,” she said.
Her departure comes alongside directors Frank Clegg, Howard Grosfield, Anne Marie O'Donovan and Dr. Chika Stacy Oriuwa stepping down. That translates to four of the company’s 10 directors.
Oriuwa indicated she was resigning “because of her loss of confidence in board leadership and because of mistreatment,” in the Wednesday news release. The physician was appointed to the board in 2020 as a “knowledgeable voice to inform diversity and inclusion efforts," Reisman said at the time.
“I have full confidence and respect for Peter Ruis, CEO of Indigo, faith in his management team and executive strategy,” Oriuwa told CTV News Toronto on Wednesday. Ruis took over Reisman’s role as CEO in 2022.
Indigo was in a state of turmoil earlier this year when a cyberattack shocked the company in February, forcing its website and payment systems to temporarily halt.
Indigo did not immediately respond to an inquiry about why the remaining directors were leaving.
Reisman’s replacement has not been announced.
CTVNews.ca Top Stories

Some hospitals are bringing back masking - and the general public should consider it this fall too, experts say
Some hospitals are instigating stricter masking rules again amid an uptick in COVID-19 cases, and although we’ve probably seen the end of broad masking mandates, some experts say the general public should also be making more use of this tool in our arsenal of measures to fight illness.
Authorities dispatched to Britney Spears' home over video showing singer dancing with knives
Officials were called to the southern California home of Britney Spears on Wednesday to conduct a wellness check after the singer posted a video on social media depicting her dancing with knives.
In defiance of judge, Sask. premier to force school pronoun rules into law
In defiance of a King's Bench ruling, Saskatchewan's premier plans to force a controversial school pronoun policy into law.
Thriving NFL benefits most from Taylor Swift-Travis Kelce relationship
The NFL didn't need a popularity boost before Travis Kelce became enchanted with Taylor Swift. They'll gladly welcome millions of Swifties to watch this love story unfold.
Rotterdam hospital official says questions were raised over alleged gunman's mental state
A medical student accused of killing three people in shootings at an apartment and a hospital in the Dutch city of Rotterdam had been undergoing psychological examinations to establish whether he was mentally fit to become a doctor, a hospital official said Friday.
Putin orders former Wagner commander to take charge of 'volunteer units' in Ukraine
Russian President Vladimir Putin has ordered one of the top commanders of the Wagner military contractor to take charge of 'volunteer units' fighting in Ukraine, signalling the Kremlin's effort to keep using the mercenaries after the death of their chief, Yevgeny Prigozhin.
Military police under investigation over handling of sexual assault case
The Military Police Complaints Commission is investigating the way officers handled allegations of sexual assault against a soldier who took his own life, the commission announced Thursday.
Dozens dead after blast in southwestern Pakistan at a rally celebrating birthday of Islam's prophet
A powerful bomb exploded near a mosque at a rally celebrating the birthday of Islam's Prophet Muhammad in southwestern Pakistan on Friday, killing at least 52 people and injuring nearly 70 others, police and a government official said.
These are the 5 headlines you should read this morning
Saskatchewan's premier says he vows to push through with his school pronoun policy, a B.C. Sikh leader says his life may be in danger, and a class action suit against Cold-FX gets certified.