Best Buy announced a CEO succession plan that will see Corie Barry step down and longtime executive Jason Bonfig assume the role, marking a leadership transition aimed at driving the company’s next phase of growth.
Barry, who has served as CEO since 2019, will step down on October 31, 2026, after seven years leading the company through a period of significant transformation, including navigating the COVID-19 pandemic and accelerating digital and omnichannel capabilities. She will remain involved during a transition period to support continuity.
Bonfig, currently Chief Customer, Product and Fulfillment Officer, will become CEO and join the Board of Directors. A veteran of the company, Bonfig has held leadership roles across e-commerce, supply chain, and customer experience, playing a key role in Best Buy’s digital expansion and operational strategy.
The succession reflects Best Buy’s emphasis on internal leadership development and continuity, with the board highlighting Bonfig’s experience and strategic vision as critical to advancing the company’s growth initiatives in an evolving retail landscape.
The leadership transition comes as the company continues to navigate shifting consumer demand, competitive pressures, and increasing integration of digital services and technology within retail operations.
KEY QUOTES
“As a Board, we are confident that Jason is the right leader to accelerate the business, with urgency and innovative ideas, and create meaningful growth for the company and its shareholders. At the same time, this opportunity is only possible because of Corie’s extraordinary leadership over the past seven years. She guided Best Buy with a confident and steady hand and an unrelenting commitment to drive value for our employees, customers, partners and shareholders through some of the most tumultuous and uncertain times we have ever seen.”
David Kenny, Chair Of The Board Of Directors, Best Buy
“I am deeply honored to take on this role. I look forward to working closely with our incredible teams as we lean on our values, culture and strategic advantages to grow our business and create exciting new opportunities for our company. I am grateful for the support of the Board and want to express my admiration and appreciation for Corie, who has had a meaningful impact on me as a leader and helped create the strong, resilient company we are today.”
Jason Bonfig, Incoming CEO, Best Buy
“I am so proud of what Best Buy has accomplished for our employees, customers and shareholders, and the opportunities we’ve had to genuinely make people’s lives better. I’ve worked closely with Jason for many years and can confidently say he’s the right person, with the right vision, to accelerate the company’s strategy and take Best Buy into the future.”
Corie Barry, CEO, Best Buy
