Electronics retailer Best Buy has chosen a new chief executive as it grapples with lagging sales and a proposal to take the company private by its founder.
Hubert Joly has stepped down as CEO of hospitality and restaurant giant Carlson to lead the struggling electronics giant, Best Buy announced Monday morning. Word of the impending appointment was first reported on by the Wall Street Journal on Sunday evening. Best Buy touted Joly as having a record turning around companies in the media, technology and services sectors.
"Hubert's range and depth of experience in transforming companies is exactly what … Read more