Barnes & Noble hires former Cablevision exec as CFO
Barnes & Noble has named former Cablevision chief financial officer Michael Huseby as its new CFO.
Huseby, who was also executive vice president during his seven-year stint at Cablevision, was onboard during two spinoffs of Cablevision subsidiaries prior to leaving last year.
According to published reports, Barnes & Noble is considering the spinoff of its Nook digital division. In addition to his experience with mergers, acquisitions and spinoffs, Huseby, who was also executive vice president and CFO of Charter Communications, brings a technology background to Barnes & Noble.
Huseby replaced interim CFO Allen Lindstrom after Lindstrom filled in for Joseph Lombardi when Lombardi resigned in October.
"Mike will join the company's executive leadership team and play a key role in determining and delivering on the strategy of the business going forward," said Barnes & Noble CEO William Lynch. "Mike is a seasoned public company CFO and executive, has consistently built value at the companies he's served, and recognizes the big opportunities in our strong retail and rapid growth digital businesses.
"I'd like to thank Allen Lindstrom, our interim CFO, for his outstanding leadership during these last five months. Allen will continue working closely with Mike, providing us tremendous financial leadership."
Huseby, who joined the company today, will lead the company's finance organization, aligning the company's finance and business strategies, optimizing the company's capital structure, and helping to scale the rapidly growing digital business. He will oversee the functions of planning and analysis, corporate development, accounting, treasury, tax, investor relations, and internal audit.
"I am very excited about Barnes & Noble's future and to have this opportunity to work with an outstanding leadership team as the company continues to lead in its traditional retail business while transforming itself into a leading provider of digital content," said Huseby.
From 1999 to 2002, Huseby served as executive vice president of finance and administration at AT&T Broadband. Among his responsibilities, he oversaw the rollout of advanced digital video, data and voice products.
He also led the team that completed the merger of AT&T Broadband with Comcast in 2002. In addition, Huseby spent 20 years at Arthur Andersen as a global equity partner.