Latest in Best buy

Image credit:

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

Sean Buckley, @seaniccus
August 20, 2012
Share
Tweet
Share

Sponsored Links

It'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.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share

Popular on Engadget

T-Mobile’s TVision is a cable-cutting package for its mobile customers

T-Mobile’s TVision is a cable-cutting package for its mobile customers

View
This is Harley-Davidson's first electric bicycle

This is Harley-Davidson's first electric bicycle

View
Researchers 3D-printed a cell-sized tugboat

Researchers 3D-printed a cell-sized tugboat

View
'Cyberpunk 2077' is delayed again, this time to December 10th

'Cyberpunk 2077' is delayed again, this time to December 10th

View
PlayStation 5 first look: At home with Sony’s new console

PlayStation 5 first look: At home with Sony’s new console

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr