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Barnes & Noble CEO resigns amid management shuffle

BY Marianne Wilson

New York — Barnes & Noble CEO William Lynch has resigned, effective immediately. The company said it has appointed Michael P. Huseby as CEO of Nook Media and president of Barnes & Noble. He had served as the company’s CFO since 2012.

Lynch, a technology veteran, took the reins of Barnes & Noble in 2010, and was a driving force in the chain’s transition into digital and the expansion of its Nook line of tablets. No reason was given for his departure.

“I appreciate the opportunity to serve as CEO of this terrific company over the last three years,” Lynch said in the release. “There is a great executive team and board in place at Barnes & Noble, and I look forward to the many innovations the Company will be bringing to its millions of physical and digital media customers in the future.”

The changes comes after Barnes & Noble reported declining sales at its bookstores in the latest quarter and its Nook e-book devices pushed it to a net loss that more than doubled from a year ago.

In other changes, Allen Lindstrom, VP and the company’s corporate controller, has been promoted to CFO.

Max J. Roberts, CEO of Barnes & Noble College will continue to lead the digital education strategy and report to Huseby, as will the executive management team of NOOK Media. Huseby and Mitchell Klipper, CEO of the Barnes & Noble Retail Group, will report directly to Leonard Riggio, executive chairman of Barnes & Noble.

In a statement, Riggio said that the company is reviewing its current strategic plan and will provide an update when appropriate.

"As the bookselling industry continues to undergo significant transformation, we believe that Michael, Mitchell and Max are the right executives to lead us into the future," Riggio said.

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Barnes & Noble CEO resigns

BY CSA STAFF

NEW YORK — Barnes & Noble CEO and director William Lynch has resigned, effective immediately, and the company has restructured its leadership team as a result.

The company has appointed Michael P. Huseby as CEO of Nook Media and president of Barnes & Noble. Max J. Roberts, CEO of Barnes & Noble College will continue to lead the digital education strategy and report to Huseby, as will the executive management team of Nook Media. Huseby and Mitchell Klipper, CEO of the Barnes & Noble Retail Group, will report directly to Leonard Riggio, executive chairman of Barnes & Noble.

The company has also promoted Allen Lindstrom, VP and the company’s corporate controller, to CFO of Barnes & Noble. He will report to Huseby. Kanuj Malhotra, VP of corporate development, has been promoted to CFO of Nook Media.

“We thank William Lynch for helping transform Barnes & Noble into a leading digital content provider and for leading in the development of our award-winning line of Nook products,” said Riggio. “As the bookselling industry continues to undergo significant transformation, we believe that Michael, Mitchell and Max are the right executives to lead us into the future.”

Riggio added that the company is in the process of reviewing its current strategic plan and will provide an update when appropriate.

“I appreciate the opportunity to serve as CEO of this terrific company throughout the last three years,” said Lynch. “There is a great executive team and board in place at Barnes & Noble, and I look forward to the many innovations the company will be bringing to its millions of physical and digital media customers in the future.”

Huseby joined Barnes & Noble as CFO in March 2012, and has led the company’s financial organization since that time. Prior to joining Barnes & Noble, he had a distinguished career in the media communications industry having most recently served as EVP and CFO of Cablevision Systems Corporation, a leading telecommunications and media company. Huseby also served in leadership positions at Charter Communications, the fourth largest cable operator in the U.S., as well as AT&T Broadband, a provider of cable television services.

Lindstrom joined Barnes & Noble in November 2007 as VP, corporate controller. Prior to joining Barnes & Noble, he was CFO at Liberty Travel.

Malhotra joined Nook Media in May 2012 and in his role as VP of corporate development has been responsible for developing strategic priorities for growth and profitability. He was previously SVP and CFO at Affinion International.

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Hallmark exec Jimenez named SVP at Williams-Sonoma

BY CSA STAFF

David Jimenez was named SVP of visual and store experience at Williams-Sonoma to drive further growth and innovation at the operator of 587 upscale home goods stores.

In addition to the appointment of Jimenez, the company named three other executives to new leadership roles in the supply chain area.

"As we continue to drive performance for the company’s portfolio of multi-channel brands, our strong emphasis and commitment to top executive talent within our namesake and core brands is fundamental to our position as a category leader," said Williams-Sonoma president and CEO Laura Alber.

Jimenez previously served as vp of visual merchandising and store design at Hallmark where he supported the company’s store evolution efforts and helped it improve performance through heightened customer engagement. Prior to Hallmark, Jimenez was with Gap Inc., Restoration Hardware and Pottery Barn.

"At Williams-Sonoma we are committed to offering unique in-store experiences to our customers. David is the right person to drive this focus and will lead us toward new innovation and continued growth for the brand," said Janet Hayes, president of the Williams-Sonoma brand.

In other moves, Peter Sassi was named SVP of stores for the Williams-Sonoma brand. In his new role Sassi will continue to bring strategic insights and deepen customer relationships and evolve the in-store experience. For the past 10 years, Sassi has served as SVP of inventory management for the Williams-Sonoma brand

Jeff Howie will now serve as the SVP of inventory management and finance for the Williams-Sonoma brand. He has more than 10 years of experience with the company as a strategic and detail-oriented leader, most recently serving as SVP of inventory management for the Pottery Barn Kids and PBteen brands.

John Trifoso is expanding his current role as SVP of Pottery Barn inventory management, to lead the inventory management teams for the Pottery Barn, Pottery Barn Kids and PBteen brands.

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