Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the compa...
- Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the company’s chief executive officer, the first woman to lead the consumer electronics retailer in its 53-year history.She will become Best Buy’s fifth CEO when she takes over from Hubert Joly, who steps aside to become the executive chairman in June.
Joly’s efforts have largely been successful with the company’s shares having risen four-fold in value during his tenure. Joly has also been responsible for tackling competition from Amazon.com Inc and other online retailers by bolstering the company’s own website, delivery options and tech support services.Under Joly, the company has also placed emphasis on membership services like its “Geek Squad” tech support to boost margins as the importance of matching prices with online competition becomes ever more essential to keep customers visiting its stores and website.
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