Published Aug 21 2012 by Tulsa World


Best Buy names French turnaround expert as new CEO

NEW YORK - The fight over Best Buy's future is getting ugly.

Best Buy Co., the nation's largest consumer electronics chain, announced Monday it has tapped Hubert Joly, the former head of global hospitality company Carlson and a turnaround expert, as the new CEO and president....

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"A large scale turnaround could take two to three years and may be better executed as a private company" wrote David Binder...
"Best Buy continues to face enormous challenges and needs a clear plan and a proven leadership team with deep retail experience and knowledge of Best Buy to win back customers, inspire employees and reinvigorate its trusted brand" Schulze said in a...

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