Barnes & Noble CEO Leaves Company; Rest of Executives Shuffle Positions
Book retailer Barnes & Noble is doing some shuffling of its upper management, with CEO William Lynch resigning today. He also resigned as director of the company, which shouldn't come as too much of a surprise to see Lynch step away from both. Barnes & Noble then announced more executive moves, with Michael P. Huseby being appointed CEO of the Nook Media division and president of B&N proper. Vice president Allen Lindstrom is promoted to CFO, while Kanuji Malhotra, VP of corporate development, is now the VP of Nook Media. It's a bit of a shuffle, but most are stepping into a bigger role with B&N. Chairman Leonard Riggio thanked Lynch for his past three years as CEO, which saw the company emerge as a rival to Amazon's e-reader/tablet business. As for Lynch, he appreciated the opportunity to be Barnes & Noble's CEO over the last three years, and that he's looking forward to all future innovations from the company.
Source: Barnes and Noble