Barnes & Noble CEO William Lynch Resigns

(RTTNews) - Barnes & Noble, Inc. (BKS) said Monday that William Lynch has resigned as Chief Executive Officer and director of the company effective immediately.

Lynch became Chief Executive Officer of Barnes & Noble in March 2010, and was appointed to the B&N Board of Directors in the fall of 2011.

The company also announced other organizational changes: Chief Financial Officer Michael Huseby has been appointed Chief Executive Officer of NOOK Media LLC and President of Barnes & Noble, Inc.

Huseby joined Barnes & Noble as Chief Financial Officer in March 2012. Prior to joining Barnes & Noble, he had a distinguished career in the media communications industry having most recently served as Executive Vice President and Chief Financial Officer of Cablevision Systems Corp. (CVC).

Max Roberts, Chief Executive Officer of Barnes & Noble College will continue to lead the digital education strategy and report to Huseby, as will the Executive Management team of NOOK Media.

Huseby and Mitchell Klipper, Chief Executive Officer of the Barnes & Noble Retail Group, will report directly to Leonard Riggio, Executive Chairman of Barnes & Noble, Inc.

The company also said that it has promoted Vice President and Corporate Controller Allen Lindstrom to Chief Financial Officer. He will report to Huseby.

Kanuj Malhotra, Vice President of Corporate Development, has been promoted to Chief Financial Officer of NOOK Media LLC.