The Best Buy Co. board of directors has selected Jason Bonfig, the company’s chief customer, product and fulfillment officer, to succeed Corie Barry as CEO.
Bonfig (pictured above right joined Best Buy as an inventory analyst in 1999, and, over the years, he has greatly influenced the products and features the operation offers, the company stated.
Barry (pictured above left) will step down from her roles as CEO and board member at th end of the third quarter on October 31. Bonfig will join the Best Buy board at that time. Best Buy reported Barry and Bonfig will continue to work closely over the coming months to ensure a smooth transition. Barry will remain as a strategic advisor for six months after she steps down as CEO.
“As a board, we are confident that Jason is the right leader to accelerate the business, with urgency and innovative ideas, and create meaningful growth for the company and its shareholders,” said David Kenny, Best Buy’s board chair “At the same time, this opportunity is only possible because of Corie’s extraordinary leadership over the past seven years. She guided Best Buy with a confident and steady hand and an unrelenting commitment to drive value for our employees, customers, partners and shareholders through some of the most tumultuous and uncertain times we have ever seen.”
