Barnes & Noble Names Head of Digital Division as New CEO

Barnes & Noble said on Wednesday that Michael Huseby, the head of its digital division, has been named chief executive, effective immediately. The largest U.S. bookstore chain had been without a CEO since William Lynch resigned in July in the wake of several quarters of poor sales of Barnes & Noble's Nook e-readers. Huseby joined Barnes & Noble as finance chief in March 2012, and last summer was made head of its Nook digital unit. The bookseller, which is contending with declining book sales, is set to report its holiday sales today.