Best Buy CEO resigns

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Brian Dunn, the CEO of Best Buy, resigned Monday. Dunn's resignation comes two weeks after Best Buy announced a large-scale restructuring plan that was to be spearheaded by Dunn.

According to two local reports, the Best Buy auditing board was investigating Dunn for "personal conduct." The investigation was not completed before Dunn resigned.

The resignation is believed to be unexpected according to the Pioneer Press. They reported that Best Buy did not have the necessary paperwork ready when the resignation was submitted as they usually do with planned departures.

Director G. Mike Mikan was named interim CEO until the company finds a permanent replacement according to the Star Tribune and Pioneer Press.

Star Tribune:
http://www.startribune.com/business/146811365.html

Pioneer Press:
http://www.twincities.com/ci_20371649/best-buy-brian-dunn-resigned-monday

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This page contains a single entry by dotso033 published on April 11, 2012 10:50 AM.

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