Hubert Joly served as the CEO of Best Buy from 2012 to 2019 and is known for successfully turning the company around during his leadership. Under his guidance, Best Buy adopted the 'Renew Blue' transformation strategy, focusing on better customer...
Hubert Joly served as the CEO of Best Buy from 2012 to 2019 and is known for successfully turning the company around during his leadership. Under his guidance, Best Buy adopted the 'Renew Blue' transformation strategy, focusing on better customer experiences and efficiency. Joly previously held senior executive roles in hospitality and travel, including as the CEO of Carlson, a global company, and Carlson Wagonlit Travel. He has a solid educational background with an MBA from Harvard Business School and degrees from prestigious French institutions. Interestingly, during his tenure at Best Buy, he led the company to save about $1.5 billion, which helped fund new investments. Hubert was also recognized as a Global Leader for Tomorrow by the World Economic Forum. Today, he continues to contribute to Best Buy as an Executive Chairman, focusing on community efforts like providing tech opportunities for disadvantaged youth. His insider trading activity records show that his holdings in Best Buy fluctuated significantly, indicating active management of his investments. In 2019, his total compensation was approximately $5.89 million, reflecting both salary and performance incentives. Joly's career reflects a blend of expertise across multiple industries, emphasizing a practical approach to business challenges and an understanding of technology’s role in retail.