Best Buy Promotes New CEO and President

Best Buy has promoted Corie Barry to CEO and Mike Mohan to President and COO, with both changes taking place June 11. Barry is currently CFO and Strategic Transformation Officer, while Mohan is the retailer’s U.S. COO. Current Best Buy CEO Hubert Joly will transition to the role of Executive Chairman of the Board, and the company will begin a search for a new CFO.

Barry led Best Buy through the Renew Blue transformation, which has achieved $1.4 billion in cost reductions and funded investment in organic growth. She has been with Best Buy since…