Barnes & Noble Appoints Michael P. Huseby Chief Financial Officer
New York, New York – March 12, 2012 – Barnes & Noble, Inc. (NYSE: BKS), the leading retailer of content, digital media and educational products, today announced the appointment of Michael P. Huseby as Chief Financial Officer, reporting to Chief Executive Officer William Lynch. He will join the company effective March 13, 2012.
The company said Mr. Huseby will lead the company’s finance organization, aligning the company’s finance and business strategies, optimizing the company’s capital structure and helping to scale the rapidly growing digital business. He will oversee the functions of planning and analysis, corporate development, accounting, treasury, tax, investor relations and internal audit.
“Mike will join the company’s executive leadership team and play a key role in determining and delivering on the strategy of the business going forward,” said William Lynch, Chief Executive Officer of Barnes & Noble, Inc. “Mike is a seasoned public company CFO and executive, has consistently built value at the companies he’s served, and recognizes the big opportunities in our strong retail and rapid growth digital businesses,” Mr. Lynch added. “I’d like to thank Allen Lindstrom, our interim CFO, for his outstanding leadership during these last five months. Allen will continue working closely with Mike, providing us tremendous financial leadership.”
“I am very excited about Barnes & Noble’s future and to have this opportunity to work with an outstanding leadership team as the company continues to lead in its traditional retail business while transforming itself into a leading provider of digital content,” said Mr. Huseby.
Mr. Huseby has a distinguished career in financial and overall business management. Most recently, from 2004 to 2011, he served as Executive Vice President and Chief Financial Officer of Cablevision Systems Corporation, a leading telecommunications and media company. He played a key role in the company’s growth during his tenure including the successful spin offs of two significant Cablevision subsidiary businesses. Prior to joining Cablevision, Mr. Huseby served as Executive Vice President and Chief Financial Officer of Charter Communications, Inc., the fourth largest cable operator in the U.S.
From 1999 to 2002, he served as Executive Vice President, Finance and Administration, of AT&T Broadband, a provider of cable television services. Among his responsibilities, he oversaw the roll out of newly-developed and evolving advanced digital video, data and voice products. He also led the team that completed the merger of AT&T Broadband with Comcast Corporation in 2002. In addition, Mr. Huseby spent 20 years at Arthur Andersen as a Global Equity Partner.
Mr. Huseby’s broad range of experience includes capital markets; corporate development; business process improvement and cost management; capital allocation analysis and decision-making; governance and extensive public company board experience; SEC accounting/reporting; tax planning/compliance; investor relations; and new product/business development.
A native of Chicago, Mr. Huseby holds a degree in business administration from the University of Colorado at Boulder.
About Barnes & Noble, Inc.
Barnes & Noble, Inc. (NYSE:BKS), the world’s largest bookseller and a Fortune 500 company, operates 691 bookstores in 50 states. Barnes & Noble College Booksellers, LLC, a wholly-owned subsidiary of Barnes & Noble, also operates 641 college bookstores serving over 4.6 million students and faculty members at colleges and universities across the United States. Barnes & Noble conducts its online business through BN.com (www.bn.com), one of the Web’s largest e-commerce sites, which also features more than two million titles in its NOOK Bookstore™ (www.bn.com/ebooks). Through Barnes & Noble’s NOOK™ eReading product offering, customers can buy and read digital books and content on the widest range of platforms, including NOOK devices, partner company products, and the most popular mobile and computing devices using free NOOK software.
General information on Barnes & Noble, Inc. can be obtained via the Internet by visiting the company’s corporate website: www.barnesandnobleinc.com.
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