March 11, 2020 / 8:39 PM / a month ago

Best Buy executive chairman to step down

FILE PHOTO: A customer enters a Best Buy store on a snowy day in Boulder, Colorado March 3, 2015. REUTERS/Rick Wilking

(Reuters) - Retailer Best Buy Co Inc (BBY.N) said on Wednesday Executive Chairman Hubert Joly would step down and will not stand for re-election at the shareholder meeting on June 11.

Joly, a restructuring expert and former chief executive officer of the company, had played a role in reviving falling same-store sales at the retailer.

Reporting by Shradha Singh in Bengaluru; Editing by Krishna Chandra Eluri

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