Best Buy CEO Corie Barry to step down
Fox Business • • business
Key Points:
- Best Buy announced that Jason Bonfig, its chief customer, product and fulfillment officer, will become CEO on October 31, succeeding Corie Barry after seven years in the role.
- Bonfig, a 25-year company veteran, has led key areas such as merchandising, e-commerce, marketing, and supply chain, and has driven initiatives like Best Buy Ads and the U.S. online marketplace to boost profitability.
- The leadership change comes amid challenges from e-commerce competition, shifting consumer spending, and the need to grow higher-margin businesses beyond traditional hardware sales.
- Corie Barry, Best Buy’s first female CEO who guided the company through the pandemic and expanded services and subscriptions, will stay on as an advisor for six months to ensure a smooth transition.
- Best Buy reported nearly $41.7 billion in revenue for fiscal 2026 and operates over 1,000 stores across North America.
