Press Release: Barnes & Noble Names Ronald D. Boire Chief Executive Officer
"I believe Ron's extensive experience throughout all facets of the retail industry, combined with his leadership ability and proven track record, make him an ideal Chief Executive for Barnes & Noble," said Leonard Riggio, Chairman of Barnes & Noble, Inc.
As previously announced, the Company plans to separate its College and Retail businesses into two public companies. Once the spinoff of Barnes & Noble Education is completed, which is expected to occur by the end of August, Mr. Boire will become the Chief Executive Officer of Barnes & Noble, Inc., which will include the Retail and NOOK® units. It is also expected that Mr. Boire will join the Barnes & Noble Board of Directors. Michael P. Huseby, who currently serves as Chief Executive Officer of Barnes & Noble, Inc., and as a member of its Board of Directors, will remain in those positions until the effective date of the split at which point he will become Executive Chairman of Barnes & Noble Education, which will have a separate Board of Directors.
Mr. Riggio said: "Mike Huseby has done a superb job since he joined the Company in 2012. Under his leadership we have improved the performance of all of our business segments and he has helped put the Company in a position to separate the College and Retail businesses. Mike will now bring his financial and strategic leadership to the separate Barnes & Noble Education company."
Mr. Huseby joined Barnes & Noble in March 2012 having served as Chief Financial Officer, President of Barnes & Noble Inc., and Chief Executive Officer of NOOK Digital, LLC. He was appointed Chief Executive Officer for Barnes & Noble, Inc., in January 2014, and was elected to the Board of Directors. Mr. Huseby has a distinguished career in the media communications industry having served as Executive Vice President and Chief Financial Officer of Cablevision Systems, Corporation and Executive Vice President and Chief Financial Officer of Charter Communications, Inc. Prior to joining Cablevision he served on its Board of Directors and currently serves on Charter's Board of Directors.