Carlson Chief to Take Best Buy’s Top Job

August 20, 2012 at 3:35 am PT

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.

Read the rest of this post on the original site »

Tagged with: Best Buy, Carlson, consumer electronics, Hubert Joly, retail stores, Richard Schulze, Trudy Rautio

Must-Reads from other Websites

Why Apple Should Buy China’s Xiaomi

Panos Mourdoukoutas, Contributor, Forbes

What I Didn’t Say

Paul Graham, Founder, ViaWeb

We Need to Talk About TED

Benjamin Bratton, Journalist, The Guardian

I, Glasshole: My Year With Google Glass

Mat Honan, Senior Writer, Wired

All Together Now

Chris Ware, Writer, The New Yorker

The Sculpture on the Moon

Corey S. Powell and Laurie Gwen Shapiro, Contributors, Slate

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.