Brian Dunn, CEO and director of Best Buy Co. Inc. for the past three years, resigned. The company statement said there were “no disagreements between Mr. Dunn and the company on any matter relating to operations, financial controls, policies or procedures. There was mutual agreement that it was time for new leadership to address the challenges that face the company.”
G. Mike Mikan, a member of the board, was named interim CEO to lead the company while a search for a new CEO is underway. Richard Schulze, the founder of Best Buy, continues to serve as chairman.
“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,” says Dunn.
Mikan, who will remain on the board while serving as interim CEO, was named a a Best Buy director in April 2008. He formerly served as executive vice president and CFO of UnitedHealth Group Incorporated and CEO of Optum, a health-care services company and affiliate of UnitedHealth.