LINCOLN, Neb., Aug. 21, 2012 /PRNewswire/ -- Nebraska Book Company ("NBC" or the "Company") and its subsidiaries, an industry leader in solutions for the college bookstore marketplace, today announced the Company's President and Chief Operating Officer, Steve Clemente, has assumed the role of President and Chief Executive Officer.
Given Clemente's extensive experience overseeing Company operations, this change is a natural transition as NBC continues to capitalize on its growth strategy of expanding the college stores and textbook divisions, increasing online sales, and providing unparalleled innovation for the industry.
"As a company, we have seen many changes this year. We have new ownership, a new board, and now a new leader at the helm," Clemente said. "I'm excited about the opportunities we have in front of us and the focus of our team moving forward."
Peter Reed, Chairman of the Board of NBC adds, "This change strongly positions us for our long-term strategy. We now have a stronger balance sheet, streamlined reporting structure, and a dedicated and talented management team led by Clemente. I am confident this change in leadership will keep the team energized and focused on executing our business plan."
Clemente joined the Company in 2010 as a SVP of College Stores and has been a driving force in the company's growth. He has focused heavily on expanding the Neebo business, growing market share and developing a campaign to broaden the traditional bookstore offerings. Before joining the Company, Clemente worked for 15 years at Target Corporation, last serving as Vice President of Store Operations, overseeing 82 retail operations in excess of $3 billion.
"We have a strong team that is focused on what we do and why we do it," Clemente said. "Ultimately the Company's mission is to grow by being the most innovative, welcoming and knowledgeable provider of collegiate products and services."
About Nebraska Book Company
Nebraska Book Company began in 1915 with a single bookstore near the University of Nebraska campus and now operates 251 stores serving colleges and universities with more than two million students. The Textbook Division serves more than 2,500 bookstores through the annual sale of approximately six million textbooks, and the Complementary Services Division has installed more than 1,600 technology platforms and e-commerce sites. Additional information about Nebraska Book Company can be found at the Company's website: www.nebook.com.
SOURCE Nebraska Book Company