best buy ceo Archives - Best Buy Corporate News and Information

By Best Buy Company News

24 Oct: Best Buy CEO shares her journey at Most Powerful Women event

At Fortune’s Most Powerful Women Summit on Wednesday, Best Buy CEO Corie Barry talked about her journey to the top of one of America’s largest companies.

Corie, who became Best Buy’s fifth CEO in June, recently ranked No. 18 on Fortune’s list of the Most Powerful Women in Business. This is her first time on the list.

Here are a few highlights from the event held in Washington, D.C.

On her childhood…

Corie’s love for retail started early in her childhood while traveling with her self-employed parents who were artists selling their work.

By John Vomhof Jr. Company News PR News Alerts

11 Jun: Corie Barry becomes fifth CEO in Best Buy history

There’s a new boss at Best Buy.

On Tuesday, Corie Barry becomes the fifth CEO in the company’s 53-year history. She replaces Hubert Joly, who led the company through a successful turnaround over the past seven years and will now become executive chairman as part of a planned leadership transition.

A Minnesota native, Corie has been with Best Buy for 20 years, most recently serving as the company’s chief financial and strategic transformation officer. She has been a member of the executive team for the past four years, playing a critical role in developing the company’s growth strategy.

By John Vomhof Jr. Company News

10 Jun: Hubert Joly leaves a lasting legacy as Best Buy CEO

In 2012, Best Buy was struggling. Sales and profits were declining, the stock price was plummeting and pundits were predicting the company’s demise.

But then, in what would be a major turning point in Best Buy’s history, the company hired Hubert Joly as CEO. Over the next seven years, he led the company through our successful Renew Blue transformation, which resulted in improved customer satisfaction, market share gains, revenue growth and improved margins.

Now, Hubert is moving into the newly created role of executive chairman as part of a planned leadership transition.