Best Buy has issued a statement regarding the independent review of allegations against the company’s chief executive officer Corie Barry contained in an anonymous letter sent to the board in December.
According to a Wall Street Journal report, the Best Buy board of directors is investigating whether CEO Corie Barry had an inappropriate romantic relationship with a fellow executive.
In an investment presentation, Best Buy highlighted the progress made on its Building the New Blue growth strategy, detailing how it plans to move forward with the initiative, with an emphasis on customer relationships and “winning the home,” as well as discussing the company’s long-term financial outlook.
When looking at the work history of Corie Barry, it’s easy to see that she was the natural choice to succeed Hubert Joly as Best Buy’s CEO.
Corie Barry has officially taken the helm of Best Buy, becoming the fifth CEO in the company’s 53-year history. She replaces Hubert Joly, who led the company through a successful turnaround over the past seven years and will now become executive chairman as part of a planned leadership transition.
Hubert Joly, who is exiting the CEO role, said that the first quarter represented “a good start” to the Best Buy fiscal year.
Best Buy has named Corie Barry the retailer’s new chief executive officer, effective June 11. She will replace Hubert Joly, the company’s current chairman and CEO, who will become executive chairman of the board.
As Best Buy’s chief financial officer prepares to step down, the retailer reported strong earnings and a slip in sales…