Barnes & Noble Names New CEO—Paving A New Path
Here's a glimpse into the future of publishing.
Barnes and Noble's new chief executive is someone who, until a year ago, had no experience in the book business.
39-year-old William Lynch, a veteran of e-commerce and technology companies joined B&N in February 2009 as president of its Web site. Now he’s the CEO of the nation’s largest bookstore chain, enjoying what has to be one of the fastest rides to the top in any business.
Lynch replaces Steve Riggio who will remain as vice chairman. Riggio is the brother of Chairman Leonard Riggio, who bought the company in 1971 and is the company's biggest shareholder.
As president of B&N’s web site Lynch is credited with helping in the successful launch of the ebook reader, Nook.
In a statement, Len Riggio said: “Given the dynamic nature of the book industry, William is uniquely qualified to lead the company’s transition to multi-channel distribution and drive the continuing expansion of our e-commerce platform, eBooks and other digital content and products.”
Lynch will be a guest on CNBC’s Closing Bellthis afternoon and I’ll update this post with his interview.