Barnes & Noble Promotes Nook Media Chief Michael Huseby As CEO

(RTTNews) - Content, digital media and educational products retailer Barnes & Noble, Inc. (BKS) Wednesday announced the promotion of Nook Media head Michael Huseby as chief executive officer.

The position has been vacant since William Lynch resigned in last June, after a lackluster performance in the fourth quarter. Lynch's exit was at a time when the company was planning to stop manufacturing its Nook tablets and to partner with electronics manufacturers.

Huseby has joined Barnes & Noble as chief financial officer in March, 2012 and has been serving as president and chief executive officer of Nook Media LLC since July, 2013.

Prior to joining Barnes & Noble, Huseby has served as executive vice president and chief financial officer of Cablevision Systems Corp. from 2004 to June, 2011. Earlier, he has served Charter Communications, Inc., AT&T Broadband and Arthur Andersen.

Huseby will be responsible for all of the Company's business units including Barnes & Noble Retail, Barnes & Noble College and Nook Media. He will serve on the Board.

Mitchell Klipper, CEO of the Retail Group, and Max Roberts, CEO of Barnes & Noble College, and Nook device and content unit will report to Huseby.

BKS is currently down 0.07 percent at $14.74