Barnes & Noble Inc. Chief Executive William Lynch resigned Monday from his post, the nation’s leading bookseller said.
His departure is effective immediately. He also stepped down from the Manhattan company’s board of directors.
The retailer declined to offer a reason for his exit, saying it would not comment beyond its initial news release.
Executive Chairman Leonard Riggio said in a company statement that Barnes & Noble -- which has 675 B&N bookstores in 50 states -- continues to review its strategic plan and will offer an update when appropriate.
Michael P. Huseby, who became chief financial officer in March 2012, was appointed president of Barnes & Noble and chief executive of its Nook Media subsidiary. The division sells Nook e-book readers.
Max J. Roberts, chief executive of the Barnes & Noble College unit, will head up the company’s digital education strategy and will report to Huseby. The College Booksellers business operates 686 bookstores