Powell's COO becomes CEO

Powell's COO becomes CEO

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.

Read more at OregonLive.com.