Tag Archives: BrianDunn

Best Buy names Hubert Joly as new CEO, will take on leadership in September

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Best Buy names Hubert Joly as new CEO, will take on leadership in SeptemberIt's been a rough year for Best Buy -- it's shuttered dozens of stores, seen its founder step down and even lost its CEO, Brian Dunn. Still, the big box retailer hasn't given up hope, and today chose a new chief executive, one Hubert Joly. Until Sunday afternoon, Joly was responsible for Carlson, a hospitality and travel outfit that operates hotels and restaurants in over 150 countries. If you've eaten at a TGI Friday's, you've patronized Joly's old firm. Best Buy seems optimistic, according to the Wall Street Journal, noting that Joly has a knack for turning around companies in trouble. Still, Best Buy will have to get along without its new head honcho until September -- the new boss is French, and is apparently waiting on a visa. In the meantime, Mike Mikan will continue to serve as interim CEO, presumably helping the board of directors sift through Richard Schulze $10 billion rescue plan.

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Best Buy names Hubert Joly as new CEO, will take on leadership in September originally appeared on Engadget on Mon, 20 Aug 2012 01:15:00 EDT. Please see our terms for use of feeds.

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Best Buy CEO Brian Dunn unexpectedly resigns, Mike Mikan takes over

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Best Buy CEO Brian Dunn unexpectedly resigns, Mike Mikan takes over
From humble beginnings as a sales associate in 1985 with no college education Brian Dunn climbed the corporate ladder at Best Buy, eventually finding himself at the top of the food chain in 2009 when he took over as CEO. Unfortunately, for this rags-to-riches poster-boy, his reign has come to an end. Dunn and BBY announced today that the long-time employee will be stepping down from his position as chief executive and will be replaced in the interim by board member Mike Mikan. The big box retailer said in a statement that the agreement was mutual and the decision had nothing to do with any disagreements with Dunn regarding "operations, financial controls, policies or procedures." However, with the company struggling so mightily, it's hard to believe that rash of store closings and poor fiscal performance are unrelated to the decision that it's "time for new leadership." Full PR after the break.

Update: According to the Wall Street Journal, the company has stated his resignation took place during an investigation into "certain issues" with Dunn's personal conduct.

Continue reading Best Buy CEO Brian Dunn unexpectedly resigns, Mike Mikan takes over

Best Buy CEO Brian Dunn unexpectedly resigns, Mike Mikan takes over originally appeared on Engadget on Tue, 10 Apr 2012 10:13:00 EDT. Please see our terms for use of feeds.

Permalink The Verge  |  sourceCNBC, Associated Press, Wall Street Journal  | Email this | Comments