Hubert Joly is the president and chief executive officer for Best Buy Co. Inc. Mr. Joly has a strong reputation as a turnaround and transformation expert, having begun his corporate career leading the struggling French division of Electronic Data Systems. In his three years with EDS, the company reversed its revenue slide, going from 1.3 billion French Francs to 2.1 billion, while significantly increasing profit margin.
At Vivendi Universal, he helped lead the restructuring and growth of the company’s video game business, followed by the restructuring of the company itself. Prior to joining Best Buy, Mr. Joly was Chief Executive Officer of Carlson, where he led a renaissance across all its businesses, including its restaurant and hotel divisions.
Before becoming Carlson’s Chief Executive Officer, he led a subsidiary unit, Carlson Wagonlit Travel, growing its sales from $8 to $25 billion in four years. Mr. Joly serves on the boards of Ralph Lauren Corp., the Retail Industry Leaders Association, and the Minnesota Business Partnership. He began his career with McKinsey and Company, where he was a partner.