Best Buy has named Hubert Joly the company’s new CEO, the electronics mega-retailer announced Monday. The struggling chain, which faces growing competition from online and discount retailers, said it chose Joly for his expertise in turnaround and growth. Prior to taking the position at Best Buy, Joly was the CEO of Carlson, the restaurant and hospitality chain that includes runs businesses such as T.G.I. Friday’s and Radisson. He also worked in the tech industry with Vivendi’s video game business, now part of Activision Blizzard, and oversaw a turnaround at EDS.
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Best Buy Investors Groan as Buyout Fizzles and New CEO Steps Up
Posted by: Rachelle Dragani August 21, 2012 06:00 AMBest Buy has named Hubert Joly the company’s new CEO, the electronics mega-retailer announced Monday. The struggling chain, which faces growing competition from online and discount retailers, said it chose Joly for his expertise in turnaround and growth. Prior to taking the position at Best Buy, Joly was the CEO of Carlson, the restaurant and hospitality chain that includes runs businesses such as T.G.I. Friday’s and Radisson. He also worked in the tech industry with Vivendi’s video game business, now part of Activision Blizzard, and oversaw a turnaround at EDS.