Best Buy names Corie Barry new CEO, Hubert Joly moves to executive chairman role

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Change is coming to the Minnesota-based electronics retailer Best Buy. The company announced Monday that following the annual meeting of shareholders on June 11, 2019, Corie Barry will take over as the new Chief Executive Officer.

Barry, who currently works as the Chief Financial and Strategic Transformation Officer, will replace current CEO Hubert Joly, who will move into the newly-created role of Executive Chairman of the Board.

Barry has been with the company since 1999 and held a variety of positions before taking over as CFO in 2016. She holds a bachelor’s degree from the College of Saint Benedict in Collegeville, Minnesota.

Joly has been with Best Buy since 2012.

"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," Joly said in a statement. "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.”

In an additional leadership change, the current U.S. COO, Mike Mohan, will be promoted to President and Chief Operating Officer.