Corie Barry has been the CEO of Best Buy since 2019, after impressively climbing the ranks over 20 years with the company. She holds degrees in accounting and management from the College of St. Benedict and brings strong financial skills...

Number of Employees

85K

Year

2023

Total Compensation

$3.27M

Salary

$1.30M

Board Justification

The compensation philosophy is performance-based, designed to align executive compensation with shareholder interests, focusing on attracting top talent and rewarding performance through variable compensation.

Bonus

$1.97M

Board Justification

The bonus is based on the fiscal 2024 short-term incentive plan, which includes performance metrics tied to enterprise operating income, enterprise revenue, and corporate responsibility & sustainability goals.

Other

$0.00

Board Justification

No additional compensation was reported outside of salary, bonus, and stock options for 2023.

Restricted Stock

$0.00(0 Restricted Stock Units (RSUs))

Board Justification

No stock was vested in 2023 as the focus is on the performance share awards and time-based restricted shares that vest over time.

Performance Metrics

The performance metrics for fiscal 2024 included enterprise operating income (45%), enterprise revenue (35%), and corporate responsibility & sustainability (20%).

SEC Filing

From April 30, 2024

Corie Barry

CEO of Best Buy

B

Education

Bachelor's degrees in accounting and management from the College of St. Benedict

Field of Expertise

Finance & Banking - Finance

Born

September 28, 1975 - 49 years ago

Is Founder?

No

Current Tenure

5 years 6 months (Jun 2019 - Present)

Previous Experience

Chief Financial Officer, Chief Strategic Transformation Officer, Chief Strategic Growth Officer