Minnesota-based Best Buy will have a new CEO come October.
On Wednesday, the company named Jason Bonfig as Corie Barry’s successor. He will take over on Oct. 31 during a period marked by stagnant sales, CNBC reported.
Bonfig serves as chief customer, product and fulfillment officer having initially joined Best Buy as an inventory analyst in 1999. He will become Best Buy’s sixth chief executive officer and join the company’s board.
Barry will stay on as a strategic adviser for six months after stepping down. She is the second longest tenured CEO in the company’s history after its founder, Dick Schulze.
