Best Buy names Corie Barry CEO as Joly moves to executive chairman

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Best Buy incoming CEO Corie Barry

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Best Buy will have a new CEO June 11, as Hubert Joly becomes executive chairman and Corie Barry, currently CFO and chief strategic transformation officer, takes over.

Barry will also join the board of directors.

The company said that the moves were made for succession planning and continuity as Best Buy follows through on its digital transformation and omnichannel efforts. Best Buy has shown it can compete in a tough retail space and has altered its model to become more efficient in recent years.

Joly joined Best Buy in 2012 and launched Best Buy 2020 in 2017 as a way to boost sales

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