Minneapolis — Brian Dunn has resigned as CEO and director of the board of Best Buy Co., Inc. Director G. Mike Mikan has been named interim CEO while a search for a new CEO is underway.
Minneapolis — Brian Dunn has resigned as chief executive officer and director of the board of Best Buy Co., Inc. There were no disagreements between Dunn and the company on any matter relating to operations, financial controls, policies or procedures. There was mutual agreement that it was time for new leadership to address the challenges that face the company. Director G. Mike Mikan has been named interim CEO to lead the company while a search for a new CEO is underway. Richard Schulze, the founder of Best Buy, continues to serve as chairman.
“We thank Brian Dunn for his many years of service to the company and wish him well in his next endeavors,” says Schulze. “As we move forward, we are very pleased to have a strong leader with Mike Mikan’s credentials as interim CEO.”
Mikan, who will remain on the board while serving as interim CEO, has been a Best Buy director since April 2008. He formerly served as executive vice president and chief financial officer of UnitedHealth Group Incorporated and chief executive officer of Optum, a health care services company and affiliate of UnitedHealth.