Best Buy: New CEO and President-Hubert Joly and Growing Rifts with Founder Richard Schulze
The Electronics retail mogul, Best Buy, has named Hubert Joly, former head of a global hospitality company as the new CEO and President of the company on Monday. The decision comes a day after the company rejected an offer by founder, Richard Schulze, to acquire the company for $9.5 billion with a small group of private partners.