Brian Dunn, co-chief executive officer of Best Buy, has stepped down.
Dunn was named CEO in 2009, after rising through the ranks of the company. He started with Best Buy as a sales associate in 1985.
G. Mike Mikan will serve as interim CEO while the company looks for Dunn’s replacement. Mikan has been with Best Buy as a director since 2008, and was the former chief financial officer of United Health Group.
“There were no disagreements between Mr. Dunn and the company on any matter relating to operations, financial controls, polices or procedures. There was a mutual agreement that it was time for a new leadership to address the challenges that face the company,” says Best Buy.
“The Best Buy team and I will be extremely focused on successfully managing this period of transition,” says Mikan. “I want to assure our employees, customers and other key stakeholders that we will work together to achieve our company’s growth and profitability goals.”
“I have enjoyed my 28 years with this company, and I leave today in position for a strong future,” says Dunn.