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Best Buy names Hubert Joly as new CEO

Best Buy has announced that Hubert Joly, the former head of hospitality and travel company Carlson, will take over as permanent CEO effective September 2012. Joly will replace interim chief G. Mike Mikan who has held the position since April…

Best Buy founder and chairman to step down next month

Best Buy has announced that its founder Richard Schulze will be stepping down as chairman following the company’s annual shareholder meeting scheduled for June 21. Schulze will be replaced by Hatim Tyabji, the current chair of the audit committee and…