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The CEO who led Best Buy through its turnaround is stepping down and being replaced by the company's first female chief executive

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Best Buy CEO Hubert Joly is stepping down and will be replaced by current CFO Corie Barry. She will be the company's first female CEO.

has named a new CEO. Current CFO Corie Barry will step into the role, the company said on Monday.Joly was CEO for seven years, leading the retailer through a turbulent time and instituting a turnaround plan which has brought Best Buy back to strong growth.The company on Monday named current CFO Corie Barry as new CEO. Effective June 11, current CEO Hubert Joly will step into a newly created role as executive chairman of the board.

Before becoming the CFO, Barry served as the strategic transformation officer. Joly said Barry led the development of the in-home advisor program, among other tech- and service-focused initiatives, which were a key pillar of Best Buy's pivot in strategy. Mike Mohan, Best Buy's current COO, will also get a new title of president. Best Buy will begin a search for a new CFO to take Barry's place.

 

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Once again we have more emphasis placed on her being 'the first' women CEO rather than on her actual performance. Let's see how she does at Best Buy for a few months first before being quick to glorify her as 'the first' greatest woman since Eleanor Roosevelt. So tiresome....

Need be head hunt for replacement vetting auditing proses sorry see you go

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