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Best Buy names Corie Barry as its new CEO, Hubert Joly to become board chairman

CNBC logo CNBC 4 days ago Lauren Thomas
a woman smiling for the camera: Corie Barrie, Best Buy© Provided by CNBC LLC Corie Barrie, Best Buy

Best Buy on Monday said Corie Barry, currently the company's chief financial and strategic transformation officer, will become its new chief executive officer, effective June 11.

Hubert Joly, who is Best Buy's current chairman and CEO, will become executive chairman of the board, a newly created position, the company said.

It said the changes reflect the board's ongoing succession planning process and are designed to provide leadership continuity. Barry will also join the board of directors, which will now expand to 13 directors.

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