Carlson Chief to Take Best Buy’s Top Job

Published on August 20, 2012
by Anupreeta Das and Sharon Terlep

Best Buy Co. Monday said it has chosen a new chief executive to lead the company as it struggles with falling sales and manages a public back-and-forth with founder Richard Schulze, who proposed to take the retailer private earlier this month.

The new CEO, Hubert Joly, was chief executive of hospitality and restaurant giant Carlson — which includes businesses such as Radisson and T.G.I. Friday’s — before he stepped down Sunday for the Best Buy job. Carlson announced that the board had selected its chief financial officer, Trudy Rautio to take his place.

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