"As a Board, we are confident that Jason is the right leader to accelerate the business, with urgency and innovative ideas, and create meaningful growth for the company and its shareholders."
"Corie's extraordinary leadership over the past seven years guided Best Buy with a confident and steady hand and an unrelenting commitment to drive value for our employees, customers, partners and shareholders through some of the most tumultuous and uncertain times we have ever seen."
"Bonfig is looking to refresh the company and its product portfolio by opening up new categories and new features for customers like Ray-Ban Meta glasses."
"During Bonfig's current role, the executive oversaw crucial parts of Best Buy's strategy to drive higher profits and sales, including its third-party digital marketplace and its advertising business."
Jason Bonfig will take over as CEO of Best Buy from Corie Barry in late October 2026. Barry's leadership since 2019 saw significant job cuts and challenges due to inflation and e-commerce competition. Best Buy faced a $114 million restructuring charge by Q2 2025, with stock prices rising only 6.25% during her tenure. Bonfig aims to refresh the company’s product portfolio and enhance profitability through new categories and features, leveraging his experience in key strategic areas.
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