Barnes & Noble Appoints Michael P. Huseby Chief Executive Officer

  Barnes & Noble Appoints Michael P. Huseby Chief Executive Officer

Business Wire

NEW YORK -- January 8, 2014

Barnes & Noble, Inc. (NYSE:BKS), today announced the appointment of Michael P.
Huseby to Chief Executive Officer. Immediately, in his role, Mr. Huseby will
be responsible for all of the Company’s business units including Barnes &
Noble Retail, Barnes & Noble College and NOOK Media. He will report to the
Board of Directors and has been elected to serve on the Board. Mitchell
Klipper, CEO of the Retail Group, which includes Barnes &, and Max
Roberts, CEO of Barnes & Noble College, will report to Mr. Huseby, as will the
NOOK^® device and content unit. Mr. Huseby joined Barnes & Noble as Chief
Financial Officer in March, 2012, and was promoted to President in July, 2013.

Michael Huseby, Chief Executive Officer, Barnes & Noble, Inc. (Photo: Business

Michael Huseby, Chief Executive Officer, Barnes & Noble, Inc. (Photo: Business

“Since the day he joined the company, Mike has proven to be an excellent
financial and business executive, whose leadership skills have earned the
respect of the entire organization, as well as our Board of Directors,” said
Leonard Riggio, Chairman, Barnes & Noble, Inc. “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,
and he has a vision for the future in which I am in complete accord. Mike also
has a passion for bookselling, which makes him a perfect fit for this job,”
Mr. Riggio added.

“I am excited and honored to have been chosen as CEO of one of America’s most
beloved companies,” said Michael Huseby, Chief Executive Officer, Barnes &
Noble, Inc. “I am pleased, as well, to be joining an organization which is
driven by both a sense of mission, and by a commitment to achieve excellence
in everything it pursues. Led by Mitchell Klipper, Max Roberts and many
exceptional leaders, not to mention thousands of dedicated booksellers, the
company is well positioned to maintain and grow its leadership position in the
worlds of bookselling and the sale of digital media. My role, as I see it, is
to enhance and unlock the value of these businesses for our shareholders. We
are well-positioned in today’s dynamic reading and learning markets and
confident in our ability to provide our customers with the best content
offerings, digital media and educational products available in today’s
marketplace,” Mr. Huseby added.

Mr. Huseby joined Barnes & Noble as Chief Financial Officer in March, 2012,
and led the Company’s financial organization until his appointment as
President in July, 2013. Prior to joining Barnes & Noble, he had a
distinguished career in the media communications industry having served as
Executive Vice President and Chief Financial Officer of Cablevision Systems
Corporation, a leading telecommunications and media company, from 2004 until
June, 2011. He also served on Cablevision’s Board of Directors in 2000-2001.
Mr. Huseby also served in leadership positions at Charter Communications,
Inc., the fourth largest cable operator in the U.S., as well as AT&T
Broadband, a provider of cable television services that was sold to Comcast
Corporation in 2002. In addition, Mr. Huseby spent 23 years at Arthur Andersen
as a Global Equity Partner.

Mr. Huseby’s broad range of experience includes extensive capital markets
transactions; M&A/corporate development; comprehensive operational
responsibilities including new product development and roll out; business
process improvement; cost management; capital allocation; governance and
extensive public company board experience; SEC accounting/reporting; tax
planning/compliance and investor relations.

A native of Chicago, Mr. Huseby holds a degree in business administration from
the Leeds School, University of Colorado at Boulder.

About Barnes & Noble, Inc.

Barnes & Noble, Inc. (NYSE:BKS) is a Fortune 500 company and the leading
retailer of content, digital media and educational products. The company
operates 673 Barnes & Noble bookstores in 50 states, and one of the Web’s
largest e-commerce sites, ( Its NOOK Media LLC subsidiary
is a leader in the emerging digital reading and digital education markets. The
NOOK digital business offers award-winning NOOK^® products and an expansive
collection of digital reading and entertainment content through the NOOK
Store^® (, while Barnes & Noble College Booksellers, LLC operates
695 bookstores serving over 4.6 million students and faculty members at
colleges and universities across the United States. Barnes & Noble is proud to
be named a J.D. Power and Associates 2012 Customer Service Champion and is
only one of 50 U.S. companies so named. Barnes & is ranked the
number one online retailer in customer satisfaction in the book, music and
video category and a Top 10 online retailer overall in customer satisfaction
according to ForeSee E-Retail Satisfaction Index (Spring Top 100 Edition).

General information on Barnes & Noble, Inc. can be obtained via the Internet
by visiting the company's corporate website:

NOOK^®, NOOK Store^®, NOOK Video^™, and NOOK Video Apps^™ are trademarks of
Barnes & Noble, Inc. Other trademarks referenced in this release are the
property of their respective owners.

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( and YouTube

About NOOK Media LLC

NOOK reading and entertainment products make it easy to Read What You Love,
Anywhere You Like^™ with a fun, easy-to-use and immersive digital reading
experience. With NOOK, customers gain access to the expansive NOOK Store^® of
more than 3 million (US) and 2.5 million (UK) digital books, plus periodicals,
comics, apps, movies and TV shows, and the ability to enjoy content across a
wide array of popular devices through Free NOOK Reading Apps^™ and NOOK Video
Apps^™, available at NOOK owners receive Always
Free NOOK Support in any of Barnes & Noble’s nearly 700 bookstores. Find NOOK
devices in Barnes & Noble stores and online at, as well as
leading retailers including Best Buy, Walmart, Target and many others. NOOK
products are available in the United Kingdom at leading retailers; NOOK
content can be purchased at

For more information on NOOK, follow us on or and or

Photos/Multimedia Gallery Available:



Barnes & Noble, Inc.
Mary Ellen Keating, 212-633-3323
Senior Vice President
Corporate Communications
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