Hubert Joly - Best Buy Executive Chairman of the Board

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BBY -- USA Stock  

Fiscal Quarter End: 30th of April 2020  

Mr. Hubert Joly is redesignated as Executive Chairman of the Board of the Company, effective June 11, 2019. He currently Chairman of the Board, Chief Executive Officer of the Company. He is President and Chief Executive Officer of Carlson, Inc., a worldwide hospitality and travel company President and Chief Executive Officer of Carlson Wagonlit Travel, a business travel management company senior executive positions with Vivendi S.A., a French multinational media and telecommunications company .Mr. Joly led Best Buy through its successful customerfocused Renew Blue transformation, which delivered improved customer satisfaction, market share gains, revenue growth and improved margins, and reduced 1.5 billion of costs to fund necessary investments. He is now leading the Companys Best Buy 2020 growth strategy, focused on enriching people lives through technology. Previously, Mr. Joly led the turnaround of EDS in France, then led the restructuring and growth of Vivendis video game business. While at Carlson Wagonlit Travel, the companys sales grew from 8 billion in 2003 to 25 billion in 2007. He then led the implementation of Carlson, Inc Ambition 2015 to reposition and grow the company core brands.
Age: 59  Chairman Since 2019      
612 291-1000  www.investors.bestbuy.com
Joly has a strong reputation as a turnaround and transformation expert, having begun his corporate career leading the struggling French division of Electronic Data Systems. In his three years with EDS, the company reversed its revenue slide, going from 1.3 billion French Francs to 2.1 billion, while significantly increasing profit margin. At Vivendi Universal, he helped lead the restructuring and growth of the company?s video game business, followed by the restructuring of the company itself. Prior to joining Best Buy, Mr. Joly was Chief Executive Officer of Carlson, where he led a renaissance across all its businesses, including its restaurant and hotel divisions. Before becoming Carlson?s Chief Executive Officer, he led a subsidiary unit, Carlson Wagonlit Travel, growing its sales from $8 to $25 billion in four years

Hubert Joly Latest Insider Activity

Management Efficiency

The company has 4.07 B in debt with debt to equity (D/E) ratio of 116.9 . This implies that the company may be unable to create cash to meet all of its financial commitments. Best Buy has Current Ratio of 1.08 demonstrating that it is in a questionable position to pay out its financial commitments when the payables are due.

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Company Summary

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota. Best Buy operates under Specialty Retail classification in USA and is traded on BATS Exchange. It employs 125000 people.Best Buy Co (BBY) is traded on BATS Exchange in USA. It is located in 7601 Penn Avenue South, Richfield, MN 55423, United States and employs 125,000 people. Best Buy is listed under Retail category by Fama And French industry classification.

Best Buy Leadership Team

Sharon McCollam, CFO and Chief Admin. OfficerView
Michael Mohan, Chief Merchandising OfficerView
Gerard Vittecoq, Independent DirectorView
Brian Tilzer, Chief Digital and Technology OfficerView
Shari Ballard, Chief HR Officer and President of U.S. RetailView
Paula Baker, Chief Human Resource OfficerView
J Doyle, DirectorView
R Mohan, President, Chief Operating OfficerView
Claudia Munce, Independent DirectorView
Karen McLoughlin, Independent DirectorView
Todd Hartman, Executive Vice President Chief Compliance Officer, Chief Risk Officer, General Counsel, SecretaryView
Thomas Millner, Independent DirectorView
Corie Barry, Chief Executive Officer, DirectorView
Cindy Kent, Independent DirectorView
Matthew Bilunas, Chief Financial OfficerView
Christopher Askew, President ServicesView
Keith Nelsen, Executive VP, General Counsel and SecretaryView
David Kenny, Independent DirectorView
Eugene Woods, Independent DirectorView
Trish Walker, President ServicesView
Mollie Obrien, Senior Director of Investor RelationsView
Hubert Joly, Executive Chairman of the BoardView
Mathew Watson, Chief Accounting Officer, Vice President - Finance, Controller, Principal Accounting OfficerView
Kathy Victor, Independent DirectorView
Patrick Doyle, Independent DirectorView
Joseph Doyle, Independent DirectorView
Russell Fradin, Lead Independent DirectorView
Richelle Parham, Independent DirectorView
Lisa Caputo, Independent DirectorView
Asheesh Saksena, Chief Strategic Growth OfficerView
Kamy Scarlett, Chief Human Resources Officer; President, U.S. Retail StoresView
Mary Kelley, President e-CommerceView
Greg Revelle, Chief Marketing OfficerView
Mark Weinberger, DirectorView
Bradbury Anderson, Independent DirectorView

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