Barnes & Noble CEO William Lynch resigns

Summary:A management shakeup at the beleaguered book retailer follows the company's exit of the tablet business.

barnes-noble-lynch-620x450
Photo illustration: Andrew Nusca

William Lynch has resigned as chief executive officer and director of Barnes & Noble effective immediately, the troubled U.S. book retailer's board of directors announced today.

It's the latest news following the company decision to throw in the towel on its Nook tablet computer strategy . (It will still manufacture e-book readers using electrophoretic ink, or e-ink, technology.)

B&N's new management structure looks like this:

  • Leonard Riggio remains executive chairman.
  • Michael Huseby will serve two roles: CEO of NOOK Media and president of Barnes & Noble. He will report to Riggio.
  • Mitchell Klipper, CEO of the Barnes & Noble Retail Group, will also report to Riggio.
  • Max Roberts, CEO of Barnes & Noble College, will report to Huseby.
  • Allen Lindstrom is now CFO of B&N and will report to Huseby. He was VP and corporate comptroller.
  • Kanuj Malhotra is now CFO of Nook Media. He was VP of corporate development.

"As the bookselling industry continues to undergo significant transformation," Riggio said, "we believe that Michael, Mitchell and Max are the right executives to lead us into the future." He added that the company is "reviewing its current strategic plan."

Topics: Education, Mobility

About

Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. He is also the former editor of SmartPlanet, ZDNet's sister site about innovation. He writes about business, technology and design now but used to cover finance, fashion and culture. He was an intern at Money, Men's Vogue, Popular Mechanics and the New York Daily Ne... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.