Barnes & Noble, Inc., which has been without a CEO since William Lynch resigned last July, has promoted Michael Huseby to the post. Huseby joined B&N in March 2012 as CFO and was named president of B&N and CEO of Nook Media following Lynch’s resignation. With his promotion, Huseby will oversee all of B&N’s operations. Mitch Klipper, CEO of the Retail Group, and Max Roberts, CEO of Barnes & Noble College, will report to Huseby, as will the Nook Media unit.
In commenting on Huseby’s promotion, B&N chairman Len Riggio called him the right person to lead B&N forward. “Although a relative newcomer to the retail book business, he has quickly developed a comprehensive understanding of the unique opportunities and challenges the company faces, and he has a vision for the future in which I am in complete accord. Mike also has a passion for bookselling, which makes him a perfect fit for this job,”. Riggio says in a statement.
Huseby will report directly to the board of directors and has also been named to the board.
“The company is well positioned to maintain and grow its leadership position in the worlds of bookselling and the sale of digital media,” Huseby says.”My role, as I see it, is to enhance and unlock the value of these businesses for our shareholders. We are well-positioned in today’s dynamic reading and learning markets and confident in our ability to provide our customers with the best content offerings, digital media and educational products available in today’s marketplace.”
Immediately prior to joining B&N, Huseby was executive v-p and CFO of Cablevision Systems Corp..