Barnes & Noble CEO William Lynch resigns

Barnes & Noble CEO William Lynch resigns

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

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TOPICS: Education, Mobility
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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

Andrew Nusca

About Andrew Nusca

Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. During his tenure, he was the editor of SmartPlanet, ZDNet's sister site about innovation.

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5 comments
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  • nothing in this article

    or the board of directors statement mentions any kind of golden parachute or separation package. It will be interesting to see how much B&N has rewarded him for failing completely to keep the company relevant in the internet age. The execs at Borders all took home millions for the business acumen they demonstrated in destroying a once successful company.
    krossbow
  • They need to rethink their strategy, again.

    As much as I hate to say this (because I love the ambiance of a B&N and would hate to see it go), I don't think there's much of a future for them without some presence in the digital space. They had a presence with the Nook tablets, now that's gone. The future is digital. How do you servive just selling paper books in a digital world? I understand they will continue developing the Nook e-reader but I just don't see these doing well in the long-run compared to tablet devices (like iPad mini, Kindle Fire).
    dave95.
    • nook e readers vs tablets

      I like my nook. I compared the nook and the kindle before purchase. I still prefer my nook. I was not interested in a tablet. I can afford a nook. I cannot afford a tablet. Those of us who like to read will still be interested in the nook and not the tablet. Way too expensive to just read on. If I was going to read on a computer, I would just use my computer. My nook is less than a weight of a book. With my arthritis in my thumbs, it is so much easier to hold or lay down and read. I read a few paper books recently because they were given to me, and my thumbs were really hurting and it took me a bit to figure out why. I was not using my nook.
      catkinson54
      • Nook HD

        The Nook HD is a tablet. It's got the Google store. Just put on another launcher and it's just another Android tablet.

        Bought one for my wife and she ignores it and continues to read on her iPhone .

        Any way, you can use practically any tablet or smartphone to read nook books. Or a Mac or PC.

        The only thing I don't like about the Mac reading experience (using Nook Study) is that it doesn't allow you to do local lookups - which is strange because Mac OS X comes with a dictionary built-in. Even the old eReader allowed you to buy a dictionary and use that.
        varase
  • Readers ...

    About readers - the key, for me, is battery life. I already have to carry a backup battery for my iPhone, and my Surface Pro while great to read from won't last long enough for a single novel. Either is fine for blogs and twitter, but I like to read books. So my next purchase is likely to be an e-ink Reader of some sort. I have a monster tablet and a slick, small phone - each fills its role well but neither is really great for reading books. It's a niche, but a solid one.
    _JohnH