Former CFO Corie Barry took her place as Best Buy’s fifth CEO Tuesday June 11, replacing Hubert Joly in the planned leadership transition. Joly is slated to serve as executive chairman.
Corie started her 20-year career with Best Buy as a senior financial analyst in 1999, and has been a member of the executive team since 2015, becoming CFO in 2016. Barry will work with the existing management team, including recently promoted president and chief operating officer, Mike Mohan.
“I love this company, and I mean it when I say that it feels like family,” Corie Barry, CEO of Best Buy said in a statement. “The amount of humility I feel stepping into this chair is immense and, at the same time, it’s balanced with a true sense of excitement. I am proud of the work we are doing.”
“Corie is a wonderful human being and a very human leader who can build connections with a variety of leaders and individuals across the company,” Hubert Joly, former CEO of Best Buy commented in a statement. “She has the unique ability to articulate the vision for the future,” Joly continued, “she is very strategic and, at the same time, because of her experience working at the company, she has the skills to see what it would take to transform the vision into action.”
Best Buy operates over 1,000 large-format stores across the United States, Mexico and Canada and generated more than $42 billion in revenue in fiscal 2018.