William J. Lynch, the former CEO of Barnes & Noble has been appointed CEO of Savant Systems, a company involved in Internet-enabled appliances for the home.
Lynch resigned from the book retailer in July after numerous quarters of shrinking revenues. Lynch had spearheaded Barnes & Noble’s Nook business, which faced stiff competition from Amazon.
Lynch will continue to be involved in technology in his new role at Savant Systems. The company focuses on “the Internet of things,” or using technology to remotely manage appliances, home theater, music, security, thermostat, lights, energy management, and automated shades. Lynch replaced Robert Madonna, the company’s founder and CEO since 2005. Madonna will now serve as Chairman of the Board.