UPDATED: Best Buy hires Joly as new CEO
Published 08/20/2012, INFORUM
NEW YORK — Best Buy Co, the nation's largest consumer electronics chain, announced Monday it has tapped Hubert Joly, the former head of global hospitality company Carlson and a turnaround expert, as the new CEO and president. The move comes a day after talks between the ailing retailer and its co-founder, former chairman and largest shareholder Richard Schulze failed over his takeover bid proposal.Word count: 1066
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