Barnes & Noble Promotes Digital Executive to CEO

Barnes & Noble Nook - PR image - P -2011

Former Cablevision CFO Michael Huseby takes over the top job at the struggling bookseller.

Barnes & Noble has promoted Michael Huseby, the head of its Nook digital division, to CEO, the company announced on Wednesday.

The announcement came one day ahead of the retailer reporting its holiday sales. The post had been vacant since William Lynch resigned in July. 

Prior to joining B&N in 2012, Huseby was the CFO of Cablevision from 2004 to 2011. He spent most of his career with consultants Arthur Andersen. 
"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," said B&N chairman Leonard Riggio. "He has a vision for the future in which I am in complete accord."
In addition to difficulties in the physical book market, the company has struggled to figure out a clear digital strategy in a world in which tablets have eaten into the market for dedicated black-and-white e-readers. In June, it announced it would stop making color Nooks itself and seek third-party partners (while continuing to make the lower-end e-ink models).