Corie Barry will become Best Buy's first female CEO

Christian Wylonis

Source: Best Buy

Best Buy has announced that Corie Barry, currently Chief Financial and Strategic Transformation Officer, will become the company's next Chief Executive Officer effective June 11, 2019. Hubert Joly, the company's current CEO, will transition to the newly created role of Executive Chairman of the Board. Barry will become the 30th female CEO in the Fortune 500.

Barry joined Best Buy in 1999 and has held a variety of financial and operational roles within the organization, both in the field and at the corporate campus. She became CFO in 2016 and, prior to that, served as the company’s Chief Strategic Growth Officer. Ms. Barry has also served as senior vice president of domestic finance and as the interim leader of Best Buy’s services organization.

Hubert Joly, the incoming Executive Chairman, said: “We have a tremendously talented, deep and dedicated leadership team at Best Buy, driven by our strategy and purpose to enrich lives with technology, build lasting relationships with customers and make positive impacts on society. Corie has played a critical role in developing and executing the proven growth strategy in place today, and I am confident she has the vision, skills, experience and leadership capabilities necessary to be our CEO. I look forward to working with her closely in my new role as we seek to continue Best Buy’s growth trajectory, deliver on the full potential of our strategy and create additional long-term value for our shareholders, employees and customers.”

As part of the transition, Mike Mohan, current U.S. Chief Operating Officer, will be promoted to President and Chief Operating Officer. The company will conduct an internal and external search for a new Chief Financial Officer.

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