Hubert Joly - Best Buy Executive Chairman of the Board

BBY -- USA Stock  

USD 65.95  1.64  2.43%

  Chairman
Mr. Hubert Joly is redesignated as Executive Chairman of the Board of the Company, effective June 11, 2019. He currently Chairman of the Board, Chief Executive Officer of the Company. He is President and Chief Executive Officer of Carlson, Inc., a worldwide hospitality and travel company President and Chief Executive Officer of Carlson Wagonlit Travel, a business travel management company senior executive positions with Vivendi S.A., a French multinational media and telecommunications company .Mr. Joly led Best Buy through its successful customerfocused Renew Blue transformation, which delivered improved customer satisfaction, market share gains, revenue growth and improved margins, and reduced 1.5 billion of costs to fund necessary investments. He is now leading the Companys Best Buy 2020 growth strategy, focused on enriching people lives through technology. Previously, Mr. Joly led the turnaround of EDS in France, then led the restructuring and growth of Vivendis video game business. While at Carlson Wagonlit Travel, the companys sales grew from 8 billion in 2003 to 25 billion in 2007. He then led the implementation of Carlson, Inc Ambition 2015 to reposition and grow the company core brands.
Age: 58  Chairman Since 2019      
612-291-1000  http://www.bestbuy.com
Joly has a strong reputation as a turnaround and transformation expert, having begun his corporate career leading the struggling French division of Electronic Data Systems. In his three years with EDS, the company reversed its revenue slide, going from 1.3 billion French Francs to 2.1 billion, while significantly increasing profit margin. At Vivendi Universal, he helped lead the restructuring and growth of the company?s video game business, followed by the restructuring of the company itself. Prior to joining Best Buy, Mr. Joly was Chief Executive Officer of Carlson, where he led a renaissance across all its businesses, including its restaurant and hotel divisions. Before becoming Carlson?s Chief Executive Officer, he led a subsidiary unit, Carlson Wagonlit Travel, growing its sales from $8 to $25 billion in four years

Hubert Joly Latest Insider Activity

Management Efficiency

The company has Return on Asset of 9.4 % which means that on every $100 spent on asset it made $9.4 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 46.82 % implying that it generated $46.82 on every 100 dollars invested.
The company has 4.13B in debt with debt to equity (D/E) ratio of 125.8 . This implies that the company may be unable to create cash to meet all of its financial commitments. Best Buy has Current Ratio of 1.06 demonstrating that it is in a questionable position to pay out its financial commitments when the payables are due.

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Entity Summary

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota. Best Buy operates under Specialty Retail classification in USA and is traded on BATS Exchange. It employs 125000 people.Best Buy Co (BBY) is traded on BATS Exchange in USA. It is located in 7601 Penn Avenue South and employs 125,000 people. Best Buy is listed under Retail category by Fama And French industry classification.

Best Buy Leadership Team

Sharon McCollam, CFO and Chief Admin. Officer
Michael Mohan, Chief Merchandising Officer
Gerard Vittecoq, Independent Director
Brian Tilzer, Chief Digital and Technology Officer
Shari Ballard, Chief HR Officer and President of U.S. Retail
Paula Baker, Chief Human Resource Officer
J Doyle, Director
R Mohan, President, Chief Operating Officer
Claudia Munce, Independent Director
Karen McLoughlin, Independent Director
Todd Hartman, Executive Vice President Chief Compliance Officer, Chief Risk Officer, General Counsel, Secretary
Thomas Millner, Independent Director
Corie Barry, Chief Executive Officer, Director
Cindy Kent, Independent Director
Matthew Bilunas, Chief Financial Officer
Christopher Askew, President Services
Keith Nelsen, Executive VP, General Counsel and Secretary
David Kenny, Independent Director
Eugene Woods, Independent Director
Trish Walker, President Services
Mollie Obrien, Senior Director of Investor Relations
Hubert Joly, Executive Chairman of the Board
Mathew Watson, Chief Accounting Officer, Vice President - Finance, Controller, Principal Accounting Officer
Kathy Victor, Independent Director
Patrick Doyle, Independent Director
Joseph Doyle, Independent Director
Russell Fradin, Lead Independent Director
Richelle Parham, Independent Director
Lisa Caputo, Independent Director
Asheesh Saksena, Chief Strategic Growth Officer
Kamy Scarlett, Chief Human Resources Officer; President, U.S. Retail Stores
Mary Kelley, President e-Commerce
Greg Revelle, Chief Marketing Officer
Bradbury Anderson, Independent Director

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