11/11/2009 3:47:00 PM
Best Buy CEO Robert Willett to retire
Best Buy International has announced that the company’s CEO, Robert A Willett, will retire at the end of the year.
The company is yet to announce Willett’s successor, but Best Buy chief executive, Brian J Dunn will be working with Willett to ensure a smooth transition.
In a statement the company said: ‘The company has strong local leaders and teams in every country in which it operates and is confident in their abilities. Best Buy’s evolving global growth strategy creates opportunities to approach the work in new ways. The company remains fully committed to its global growth strategy, and it continues to be one of the company’s four strategic priorities.’
The US company formed a joint venture with Carphone Warehouse in 2008 worth £1.1bn.
Willett was instrumental in establishing the relationship between Best Buy and Carphone Warehouse.