General failure of Android-powered Nook tablet line accelerated executive's exit
Following a slow and steady drumbeat of bad news associated with its Nook hardware division, William Lynch has resigned as CEO of Barnes & Noble, effective immediately. Lynch had been CEO of Barnes & Noble since March 2010, continuing a career of employment at various companies in the technology space prior to being chief executive of B&N. In the three years since taking the helm, B&N has seen the slight rise and sharp fall of its Nook hardware division, which failed to make much of a splash in the tablet market for a variety of reasons.
As the company sees continual drops in sales from many parts of its business, B&N has indicated for some time now that it is done making its own hardware and would prefer another company buy out that division completely. The prices on remaining stock of its latest Nook HD and HD+ tablets continue to drop, and aside from the last-ditch addition of the Google Play Store on the tablets there is no indication of any further software development either.
Barnes & Noble has yet to name a permanent replacement for Lynch, and has instead placed current CFO Michael Huseby at the helm of both Nook Media LLC and Barnes & Noble. It's a shame to see a big name drop out of the tablet game, but that's competition for you. Let's hope another company can step in in its place.