Best Buy Hires New CEO With View to Turnaround
Hubert Joly's appointment comes after months of looking for a new company leader.
Follow Richfield Patch on Twitter | Like us on Facebook | Sign up for our daily newsletter Announcing that Hubert Joly would be taking over from interim CEO George “Mike” Mikan as Best Buy’s new CEO, the Richfield-based consumer electronics retailer on Monday touted the longtime Minnesota executive’s experience growing media, technology and service sector companies as the principal reason behind the hire. Joly, who since March 2008 had been CEO of Carlson, the global hospitality and travel company headquartered in Minnetonka, resigned from that company over the weekend. He is expected to begin at Best Buy in early September. Best Buy pointed out Joly’s successful history orchestrating corporate turnarounds. As an executive with …
