Barnes & Noble has completed the separation of its retail operation from its college business, which began trading today as Barnes & Noble Education, Inc. on the New York Stock Exchange.
The company’s leadership team joined with store managers to ring the opening bell at the NYSE this morning. B&NE’s shares opened the day trading at $14.35 per share.
Following the spinoff of the college group, Michael Huseby, former CEO of Barnes & Noble, Inc., became executive chairman of B&NE, which will have a separate board of directors. As previously announced, Ron Boire will take over as CEO of Barnes & Noble, Inc. effective September 8, 2015.