William Lynch has resigned as CEO and director of Barnes & Noble, says the company. Michael P. Huseby has been appointed CEO of Nook Media, and president of Barnes & Noble. The company said in an official statement that it is “reviewing  its current strategic plan and will provide an update when appropriate.”

Leonard Riggio (Chairman, Barnes & Noble):  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.

Max J. Roberts, CEO of Barnes & Noble College, will continue to lead digital education strategy. He will report to Mr. Huseby, as will the executive management team of Nook Media.

Mr. Huseby and Mitchell Klipper, CEO of the Barnes & Noble Retail Group, will report directly to Leonard Riggio, executive chairman of Barnes & Noble.

Allen Lindstrom, vice president and the company’s corporate controller, has been promoted to CFO. He will report to Mr. Huseby.

Kanuj Malhotra, vice president of corporate development, has been promoted to CFO of Nook Media.

[Image courtesy: Barnes & Noble]