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StocksMediumUpdated×7•Originally published 22 April 2026•Updated 22 April 2026•

1 min read

Best Buy CEO Corie Barry Steps Down; Jason Bonfig Named Successor

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Key Facts

1Corie Barry is stepping down as Best Buy CEO following years of tepid growth.

about 1 month ago

Version History

1 additional source confirmed this story

Version 7about 1 month ago

What changed: Added stock performance data highlighting the company's significant underperformance relative to the S&P 500 during the outgoing CEO's tenure.

Version 6about 1 month ago

What changed: Added details regarding the stock price decline and the transition timing coinciding with the end of the third quarter.

Version 5about 1 month ago

Version 4about 1 month ago

Version 3about 1 month ago

Version 2about 1 month ago

What changed: The story was updated to include the macroeconomic context surrounding the leadership transition, specifically citing high costs and shifting consumer behavior.

Version 1about 1 month ago

What changed: The story was updated to include the official transition date of October 31st, specify Bonfig's current executive title and board appointment, and detail Barry's upcoming six-month advisory role.

Best Buy has announced that Jason Bonfig will succeed Corie Barry as CEO on October 31st, coinciding with the end of the company's third quarter. Following the announcement, BBY stock experienced a decline as investors processed the leadership change. This transition comes amid data showing that Best Buy shares have risen only 6% since Barry was appointed in 2019, significantly underperforming the S&P 500 index during her tenure. Bonfig, an internal veteran currently serving as Chief Customer, Product and Fulfillment Officer, will also join the Board of Directors. Barry is expected to remain as a strategic advisor for six months to facilitate a smooth handover. Analysts suggest the appointment signals a focus on continuity while the firm navigates macroeconomic headwinds and sluggish sales growth.