Emily Powell is stepping down as CEO of Powell's Books, and COO Miriam Sontz is replacing her.
"Fundamentally, I am the owner of Powell's," Powell said Thursday. "There's real work attached with that role, and I wasn't able to focus on that new responsibility and be CEO at the same time."
Powell took over as chief executive in 2011 during a trying time for the company. Citing declining book sales, Powell's cut 31 full- and part-time jobs in its retail stores and eliminated eight corporate managers.
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