Dunn Exits Best Buy; Mikan Becomes Interim CEO

Brian DunnBrian Dunn

MINNEAPOLIS-Brian Dunn has resigned as CEO of Best Buy, and the retailer has named George L. Mikan, one of its directors, as interim CEO.

A Best Buy statement said Dunn's resignation came from a mutual agreement between him and the board of directors. "There were no disagreements between Mr. Dunn and the company on any matter relating to operations, financial controls, policies and procedures," the statement said. Best Buy has also begun a search for a permanent CEO, and Dunn also resigned as a member of the board.

"There was mutual agreement that it was time for new leadership to address the challenges that face the company," the statement said.

Press reports said Dunn resigned in the midst of an investigation into his personal conduct. No details on this investigation were available from Best Buy.

Dunn began his career with the company in 1985, as a store associate. He subsequently rose through the ranks of the company until he was named CEO in 2009.

Mikan has been a Best Buy director since 2008. Previously, he served as executive vice president and chief financial officer of UnitedHealth Group and as CEO of Optum, a health-care services company affiliated with UnitedHealth.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money