Thursday, June 20, 2019

People thought Hubert Joly was ‘crazy or suicidal’ for taking the job as Best Buy CEO. Then he ushered in its turnaround

When Hubert Joly took on the CEO role at Best Buy in 2012, it was being pummeled by Amazon. Naysayers had all but written off the company. Then, he ushered in one of the greatest revivals retail has seen over the past decade.

By the time Joly announced he was stepping down as CEO in April, Best Buy had achieved same-store sales growth for the past eight quarters. By the latest fiscal year, it had already achieved the financial targets it set for fiscal 2021. . . . more