Barnes & Noble CEO Resigns

By: AP Email
By: AP Email

NEW YORK (AP) - Barnes & Noble Inc. says William Lynch is resigning as chief executive after three years on the job.

The book retailer is naming Michael Huseby as president of the company and chief executive of its Nook Media unit.

The New York company also says that it has promoted controller Allen Lindstrom to the post of chief financial officer.

The moves comes just weeks after Barnes & Noble reported that sales plummeted at its bookstores in the latest quarter and its Nook e-book devices failed to keep up with competitors. That pushed the company to a net loss that more than doubled from a year ago.

Shares of Barnes & Noble slid 3.6 percent in after-hours trading.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 214689731 -
Gray Television, Inc.