Corie Barry out at Best Buy

Corie Barry will step down as CEO of Best Buy at the end of October. The Wall Street Journal notes that the Minnesota-based retailer has had years of “tepid sales” growth under Barry, who joined the company 27 years ago and has held the top job since 2019. She was also exonerated in 2020 after an investigation by Best Buy’s board over allegations of an inappropriate relationship. Barry will be replaced by longtime company executive Jason Bonfig, who currently serves as chief customer, product and fulfillment officer. The Journal says Best Buy stock rose 6.25% during Barry’s tenure.