On Tuesday, the board of directors of Best Buy announced that Brian Dunn has resigned as chief executive officer and director.
So there’s a pretty big position to fill for the big box retailer.
There were no disagreements between Mr. Dunn and the company on any matter relating to operations, financial controls, policies or procedures, Best Buy confirmed in its press release today.
It was just time for a fresh start, it seems.
There was mutual agreement that it was time for new leadership to address the challenges that face the company. Director G. Mike Mikan has been named interim CEO to lead the company while a search for a new CEO is underway.
“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.
A search committee of the board of directors has been created consisting of the founder and members of the nominating, corporate governance and policy committee. The committee will oversee the process for the identification and selection of the next CEO.