Best Buy names Jason Bonfig as new CEO, replacing Corie Barry in late October
Bonfig, Best Buy's chief customer, product and fulfillment officer, will become the retailer's sixth CEO as sales remain sluggish.
- Best Buy named Jason Bonfig as its new CEO, succeeding Corie Barry starting October 31.
- Bonfig, a longtime company veteran, will take over as Best Buy seeks to revive stagnant sales.
- Barry will remain as a strategic advisor for six months, while the company aims to grow through demand for AI-enabled devices.
38 Articles
38 Articles
Best Buy, America’s Worst Retailer, Gets A New CEO
The post Best Buy, America’s Worst Retailer, Gets A New CEO appeared first on 24/7 Wall St.. Quick Read Weak Management From Departing CEO Revenue Continues To Fall Share Price Has Collpased The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE. Best Buy (NYSE: BBY) announced that Jason Bonfig, the company’s Chief Customer, Product, and Fulfillment Officer, would succeed Corie Barry as the next Chief Exec…
Best Buy CEO Corie Barry is stepping down: How she went from architect of a comeback to cautionary tale
When Corie Barry was named CEO of Best Buy seven years ago this month, hopes were high that the electronics retailer would build on a period of successful reinvention. After all, she was a key architect of that reinvention, as chief strategic transformation officer under her predecessor Hubert Joly. But it was not to be: Best Buy revenue is lower now than when she started as CEO, and the company is struggling to find its way. Barry, who has cons…
The company has faced weak sales growth in recent years, as inflation, reduced consumer purchasing power, and high interest rates have strained discretionary spending.
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