Barnes and Noble Names Lynch CEO

Barnes & Noble Inc. has named William Lynch chief executive officer.

He replaces Steve Riggio, who remains vice chairman.

The company also promoted of chief operating officer Mitchell Klipper to CEO of its retail group.

Lynch came to the company from HSNi, where he was executive vice president of marketing and general manager of HSN.com.

Between 2004 and 2008, he was CEO of Gifts.com, an IAC subsidiary he co-founded. From 2000 to 2004, he was vice president and general manager, e-commerce, for Palm Inc., where he oversaw online operations.

Klipper was previously chief financial officer, president of Barnes & Noble