NEW YORK — Barnes & Noble has announced that Joseph Lombardi, CFO, has resigned from his current position, but will remain a non-officer employee until mid-2012 to assist in the transition as the company undertakes an executive search for a new CFO. The company also announced the appointment of Allen Lindstrom, VP corporate controller, to interim CFO until a replacement is named.
“Today the company is strategically and financially well positioned, due in large part to our leadership team and Joe Lombardi’s contributions during his tenure as CFO,” said William Lynch, CEO “He has played a key role especially during these last two years, as we’ve been successfully transforming our business, and scaling the massive opportunity Nook presents.” Lynch added, “We’ve built great bench strength and continuity in our finance department over the years, and everyone from the management team to the board of directors has the utmost confidence in Allen as he assumes the interim CFO position. We thank Joe for his service to the company and appreciate his assistance in the transition.”
Lindstrom joined Barnes & Noble, Inc. in November 2007, asVP and corporate controller. He is also principal accounting officer of the company. Prior to joining Barnes & Noble, Lindstrom was CFO at Liberty Travel.