US EditionBest 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.
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36 Articles
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.
Fox Business
The New York LedgerBest Buy CEO Corie Barry to step down
Best Buy announced on Wednesday that it is promoting a longtime executive to chief executive as the consumer electronics retailer navigates shifting demand and intensifying competition across the retail sector.The company said that Jason Bonfig — currently its chief customer, product and fulfillment officer — will become CEO on Oct. 31, succeeding Corie Barry, who plans to step down after seven years in the role. Bonfig will become just the sixt…
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