Barnes & Noble Announces Two Executive Appointments.Business Editors NEW YORK--(BUSINESS WIRE)--April 30, 2003 Larry Zilavy Appointed Executive Vice President of Corporate Finance & Strategic Planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Joseph Lombardi Appointed Chief Financial Officer Barnes & Noble, Inc. (NYSE NYSE See: New York Stock Exchange : BKS BKS Barracks BKS Best Kept Secret (gaming) BKS Bildung, Kultur Und Sport (German) BKS Brookside (city) BKS Bergen Kirurgiske Sykehus (Bergen, Norway) ), the world's largest bookseller, today announced that Larry Zilavy, Chief Financial Officer of Barnes & Noble, Inc., has been appointed Executive Vice President of Corporate Finance and Strategic Planning, reporting to Leonard Riggio, Chairman of Barnes & Noble, Inc. Joseph Lombardi, Vice President and Controller of the company, has been named the company's Chief Financial Officer. Both appointments will be effective on May 1. Mr. Zilavy joined Barnes & Noble in June 2002 as Chief Financial Officer following a distinguished 25-year career in banking, which began at the former Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. . In his new position, he will be responsible for all corporate finance functions, including all banking and investment-banking relationships and acquisition activities. He will also oversee the company's public investments, including Barnes & Noble.com, GameStop and, along with Chief Executive Officer, Steve Riggio, Barnes & Noble's investments in publishing, including Sterling Publishing Co., Inc. and iUniverse. In addition, Mr. Zilavy will assist Chairman Riggio with his governance Governance makes decisions that define expectations, grant power, or verify performance. It consists either of a separate process or of a specific part of management or leadership processes. Sometimes people set up a government to administer these processes and systems. responsibilities on the boards of Barnes & Noble, Inc., Barnes & Noble.com, and GameStop. Mr. Lombardi joined Barnes & Noble in May 2002 as Vice President and Controller. He has a wealth of financial, retail and public accounting experience, including eleven years at Ernst & Young where he served as a partner in its Consumer Products Practice. Prior to joining Barnes & Noble he was Chief Financial Officer at The Museum Company Inc. In addition, he was the Vice President and Controller of Toys 'R' Us, Inc. Mr. Lombardi is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . About Barnes & Noble, Inc. Barnes & Noble, Inc. (NYSE: BKS) is the world's largest bookseller, operating 628 Barnes & Noble bookstores in 49 states. It also operates 258 B. Dalton Dalton, city (1990 pop. 21,761), seat of Whitfield co., extreme NW Ga., in the Appalachian valley; inc. 1847. It is a highly industrialized city in a farm area. Bookseller stores, primarily in regional shopping malls. The company offers titles from more than 50,000 publisher imprints, including thousands of small, independent publishers and university presses. It conducts its e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. business through Barnes & Noble.com (http://www.bn.com) in which it owns an approximate 38 percent interest. Barnes & Noble also has approximately a 60 percent interest in GameStop (NYSE: GME GME granulomatous meningoencephalitis. GME Graduate medical education, see there ), the nation's largest video-game and entertainment-software specialty retailer with 1,231 stores. General financial information on Barnes & Noble, Inc. can be obtained via the Internet by visiting the company's corporate Web site: http://www.barnesandnobleinc.com/financials. |
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