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Best Buy names Jason Bonfig new CEO as it aims to boost sales amid AI tech growth.

Market News
22 Apr 2026
CNBC
View Source
Neutral
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Best Buy announced that Jason Bonfig, a 27-year company veteran, will succeed Corie Barry as CEO on October 31. The leadership change comes as Best Buy seeks to overcome stagnant sales and leverage new opportunities from AI-driven mobile phones and laptops. Bonfig, currently chief customer, product and fulfillment officer, has been with the company since 1999 and will also join the board. Barry, who led the company through the pandemic and economic challenges since 2019, will remain as a strategic advisor for six months. Despite recent sales struggles due to market and consumer trends, Best Buy expects revenue between $41.2 billion and $42.1 billion this fiscal year, aiming for modest growth in comparable sales.

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