Best Buy CEO Brian Dunn Resigns During Probe Of “Personal Conduct”

Posted Apr 10, 2012

Best Buy CEO Brian Dunn has resigned abruptly. The resignation happened amid a board probe into his personal conduct. “Certain issues were brought to the board’s attention regarding Mr. Dunn’s personal conduct, unrelated to the company’s operations or financial controls, and an audit committee investigation was initiated. Prior to the completion of the investigation, Mr. Dunn chose to resign,” stated Claire Koeneman of H+K Strategies and a spokeswoman for Best Buy.

Best Buy board member G. Mike Mikan was named interim CEO while a search for Dunn starts.

“I have enjoyed every one of my 28 years with this company, and I leave it today in position for a strong future. I am proud of my fellow employees and I wish them the best,” said Dunn in the company statement.