Best Buy Details CEO Succession Plans
Best Buy has announced its future leader effective Nov. 1.
Jason Bonfig, the company's chief customer, product and fulfillment officer, will succeed Corie Barry as CEO when she retires on Oct. 31.
Bonfig is the sixth CEO in the company's 60-year history. The board of directors selected him after an extensive process that considered internal and external candidates.
Barry will remain as a strategic adviser for six months after she steps down as CEO.
Bonfig currently oversees the core elements of Best Buy's business, including merchandising, marketing, e-commerce, supply chain, Best Buy Canada and Best Buy Ads, the company's retail media network.
Most recently, Bonfig led the creation of the company's online Marketplace in the U.S. and the scaling of its Best Buy Ads business, key components of the retailer's growth strategy.
Bonfig's significant influence within the consumer electronics industry, paired with a deep knowledge and understanding of Best Buy's shoppers, align with the company's strategy.
Since joining the retailer as an inventory analyst in 1999, Bonfig has developed relationships with the world's most prominent tech companies.
Barry, the second-longest tenured CEO in Best Buy's history, guided the company through multiple external challenges. She helped create strong customer experiences and built a culture of belonging with record-high engagement scores among Best Buy's more than 80,000 employees.
