Best Buy — Company News

: Bonfig is expected to leverage his deep relationships with global technology vendors to drive innovation-led growth as the retailer navigates a challenging post-pandemic market. Retail Strategy: Ending the 14-Year Closure Streak

: Barry will remain as a strategic advisor for six months after stepping down to ensure continuity. company news best buy

In a notable shift, Best Buy confirmed plans to open in 2026, marking its first domestic expansion since 2012. : Bonfig is expected to leverage his deep

Best Buy Enters New Era with CEO Transition and Store Expansion Best Buy Enters New Era with CEO Transition

— Best Buy Co., Inc. is undergoing its most significant transformation in years, headlined by a surprise leadership succession and a pivot back to physical store growth after a decade-long contraction. Leadership Change: Jason Bonfig to Lead as CEO

On April 22, 2026, Best Buy announced that will become the company’s sixth CEO, effective October 31, 2026. Bonfig , a 25-year company veteran currently serving as Senior Executive Vice President of Customer Offering, Fulfillment, and Best Buy Canada, will succeed Corie Barry .