Best Buy (BBY) Commences Search for New CEO
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Price: $85.89 +0.19%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.3%
Revenue Growth %: +1.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.3%
Revenue Growth %: +1.1%
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The Best Buy (NYSE: BBY) Board of Directors is creating a committee to run a global search process to identify a Chief Executive Officer who will bring strong leadership to the company. The committee, headed by Kathy J. Higgins Victor in her role as Chairwoman of the Nominating Committee, will oversee a thorough search process to identify internal and external candidates, including current interim CEO Mike Mikan.
Six search firms will be interviewed and the final search firm partner will be selected in the next few weeks. The search is expected to take six to nine months to complete.
The board will run an open and transparent process, will publicly announce the committee members and the selected search firm, and will post the job description on the company website, as it does with director searches.
Six search firms will be interviewed and the final search firm partner will be selected in the next few weeks. The search is expected to take six to nine months to complete.
The board will run an open and transparent process, will publicly announce the committee members and the selected search firm, and will post the job description on the company website, as it does with director searches.
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