Best Buy names insider Jason Bonfig as new CEO; shares down

Best Buy

22/04/2026 13:45

Updates

** Best Buy BBY.N shares reverse early gains, last down 3.3% at $64.42 premarket

** The electronics retailer names insider Jason Bonfig as CEO, replacing longtime executive Corie Barry, effective October 31

** Barry, who became BBY's first female CEO in 2019, will remain a strategic adviser for six months after stepping down

** Bonfig served as chief customer, product and fulfillment officer and oversaw many initiatives, including the firm's Canadian business and its Best Buy Ads retail media unit

** Many consumer goods firms have seen a string of C-suite changes over the past year as they deal with shifting consumer environment and supply chain challenges due to geopolitical unrest

** As of last close, BBY stock down 0.51% YTD

 (Reporting by Tharuniyaa Lakshmi and Sanskriti Shekhar in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))