Corie Barry has been named as the Best Buy (NYSE:BBY) CEO.
She will replace outgoing CEO Hubert Joly. Here are eight things to know about her:
- Barry is the current CFO and she will have the role of helping continue Best Buy’s forward momentum that it experienced under Joly.
- She has been with Best Buy for 20 years, also serving as the brand’s chief strategic transformation officer, while being a key part of its executive team that’s aided the company in its revamping process.
- Barry will take over the role of CEO on June 11 of this year. Meanwhile, Joly will remain as the executive chairman of the brand, advising Barry on a number of matters, including strategy and mergers and acquisitions.
- The reinvention process that both Barry and Joly have been involved in has been geared towards offering customers more technical support, as well as in-home advisors for installations that may not be so simple.
- This has helped Best Buy become less reliant on new product releases that customers can get on Amazon anyways. The company has also made great strides on the e-commerce side of things.
- Barry’s efforts have helped the company’s market cap reach nearly $20 billion, while announcing in February the company’s eighth straight quarter of comparable sales growth.
- Since Barry joined the brand in 1999, she has had multiple roles with the retail chain in the financial and operational side of things.
- She is also on Domino’s Pizza board.
BBY stock is down 0.1% on Monday.