April 10 Best Buy Co Inc said on Tuesday
that Chief Executive Brian Dunn would resign as the world's
largest consumer electronics chain shuts stores, cuts jobs and
makes other changes to respond to competition from Amazon.com
Inc, Wal-Mart Stores Inc and others.
Here are some highlights of Dunn's career at Best Buy:
* 1985 - Dunn started his Best Buy career as a store
associate when the company had only 12 stores. It went public in
* 1989 - Dunn became a store manager.
* 1990 - Dunn became a district manager in Minnesota.
* 2000 - Dunn became senior vice president of retail sales
for Best Buy's East Coast region.
* 2002 - Dunn was named executive vice president of U.S.
* 2004 - Dunn was named president of retail for North
* 2006 - Dunn was named president and chief operating
* Jan. 21, 2009 - Best Buy says Dunn will become CEO on June
24, 2009, succeeding Bradbury "Brad" Anderson. Best Buy shares
close at $27.31.
* March 26, 2009 - Best Buy reports a profit of $2.39 per
share on revenue of $45.02 billion for the fiscal year ended on
Feb. 28, 2009.
* June 24, 2009 - Dunn starts his tenure as CEO. Best Buy
shares close at $32.97.
* March 25, 2010 - Best Buy reports a profit of $3.10 per
share on revenue of $49.69 billion for the fiscal year ended on
Feb. 27, 2010.
* Jan. 8, 2010 - Best Buy said fiscal December same-store
sales rose 8.2 percent, with sales at U.S. stores open at least
14 months up 9.3 percent.
* Jan. 7, 2011 - Best Buy said fiscal December same-store
sales fell 4 percent, and U.S. same-store sales fell 5 percent.
The company's plan to promote expensive televisions backfired,
as it lost shoppers to Amazon and others.
* Nov. 7, 2011 - Best Buy said it would buy British partner
Carphone out of a fast-growing U.S. mobile phone joint venture
for $1.3 billion and scrap plans for a chain of European
* Dec. 13, 2011 - Best Buy's third-quarter profit missed
analysts' estimates, and its shares fell 15.5 percent.
* Jan. 6, 2012 - Best Buy said December same-store sales
fell 1.2 percent worldwide and 0.4 percent in the United States.
It maintained its profit outlook.
* March 9, 2012 - Best Buy names former Starbucks Corp
Chief Information Officer Stephen Gillett as the head
of its digital and global business services, effective March 14.
* March 29, 2012 - Best Buy reported weaker-than-expected
results for the holiday quarter and said it would close 50 large
U.S. stores and lay off another 400 employees.For fiscal year
2012, which ended on March 3, Best Buy posted a loss of $3.36
per share, earnings of $3.64 per share before special items, and
revenue of $50.71 billion.
* April 10, 2012 - Best Buy said Dunn had resigned as CEO
and a director. Its shares were down 2.6 percent at $22.05 in