Make Kitco Your Homepage

Best Buy promotes CFO Corrie Barry to CEO role

Kitco News

(Reuters) - Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the company’s next Chief Executive Officer, the first woman to lead the consumer electronics retailer in its 53-year history.

She would become Best Buy’s fifth CEO after taking over from Hubert Joly, who steps aside in June to become executive chairman.

Joly has led Best Buy since 2012, parrying away competition from Amazon.com and other online retailers by bolstering the company’s own website and tech support services.

Barry joined Best Buy in 1999 and has held several financial and operational roles till she became the CFO in 2016.

The company’s shares fell about 1 percent in premarket trading.

Reporting by Uday Sampath in Bengaluru; Editing by Shailesh Kuber

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.