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WINNING CEO TRANSITION One of Hubert Joly’s proudest professional accomplishments is the way he and his board engineered a successful transition when he stepped down as chairman and CEO of Best Buy. Here’s his deep dive on how that succession process unfolded and what other CEOs can learn from his experience. BY HUBERT JOLY
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ONE OF THE THINGS I’M PROUDEST OF
in my career is the highly successful CEO transition we were able to orchestrate when I stepped down as CEO of Best Buy. It happened smoothly, without the company missing a beat. My successor, Corie Barry, was able to forge ahead, accelerate the company’s growth strategy and effectively deal with the pandemic—one of the most challenging, multifaceted crises the world has ever experienced—just nine months into her tenure.
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PHOTO: GUERIN BLASK
