People: Best Buy Co Inc (BBY)
25 Jun 2019
Mr. Hubert Joly is re-designated as Executive Chairman of the Board of the Company, effective June 11, 2019. He currently Chairman of the Board, Chief Executive Officer of the Company. He is President and Chief Executive Officer of Carlson, Inc., a worldwide hospitality and travel company (2008-2012); President and Chief Executive Officer of Carlson Wagonlit Travel, a business travel management company (2004-2008); senior executive positions with Vivendi S.A., a French multinational media and telecommunications company (1999-2004).Mr. Joly led Best Buy through its successful customer-focused Renew Blue transformation, which delivered improved customer satisfaction, market share gains, revenue growth and improved margins, and reduced $1.5 billion of costs to fund necessary investments. He is now leading the Company’s Best Buy 2020 growth strategy, focused on enriching people's lives through technology. Previously, Mr. Joly led the turnaround of EDS (now part of Hewlett Packard) in France, then led the restructuring and growth of Vivendi’s video game business. While at Carlson Wagonlit Travel, the company’s sales grew from $8 billion in 2003 to $25 billion in 2007. He then led the implementation of Carlson, Inc's Ambition 2015 to reposition and grow the company's core brands.
|Total Annual Compensation, USD||5,889,040|
|Restricted Stock Awards, USD||8,644,640|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||2,226,770|
|Fiscal Year Total, USD||16,760,500|