Best Buy announces successor to CEO

Consumer electronics retailer Best Buy has announced that current CEO Corie Barry will step down from her role at the end of October. That will also be when she steps down from her role as a member of the retailer’s board of directors, tying into when its fiscal Q3 ends on Oct. 31.

Jason Bonfig, currently Best Buy’s chief customer, product and fulfillment officer, will succeed Barry as CEO, according to the retailer’s announcement. Upon completing the transition, Bonfig will become Best Buy’s sixth CEO in its 60-year history. The retailer said Barry and Bonfig will “work closely over the coming months to ensure a smooth transition.”

Barry will also remain with the retailer as a strategic advisor for six months after stepping down from her roles, Best Buy said. Best Buy CEO Corie Barry (left) and Jason Bonfig, chief customer, product and fulfillment officer. Best Buy has selected Bonfig to succeed Barry as its next CEO.

| Image credit: Best Buy press release David Kenny, chair of Best Buy’s board, said the directors are “confident” in Bonfig. He said the board believes Bonfig is “the right leader to accelerate the business, with urgency and innovative ideas.”

“At the same time, this opportunity is only possible because of Corie’s extraordinary leadership over the past seven years,” Kenny said.

“She 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.” Best Buy is eighth in the Top 2000 Database.

The database ranks North America’s largest online retailers by their annual ecommerce sales and more. Charts & Data Best Buy online sales, total revenue decline in Q4 Abbas Haleem | Mar 3, 2026 Who will be the new Best Buy CEO? If the Best Buy leadership transition goes according to plan, Bonfig will succeed Barry as CEO beginning in November 2026.

Barry is the second-longest tenured CEO at Best Buy. In the announcement, the retailer credited her with having “skillfully guided the company through many external challenges.” Bonfig first joined the retailer as an inventory analyst in 1999. In his current role, Bonfig oversees merchandising, ecommerce, marketing and supply chain.

He also oversees Best Buy Canada and Best Buy Ads, the company’s retail media network. He led the creation of the Best Buy Marketplace, which launched in August 2025. It has since become a notable revenue driver for the retailer. By March 2026, Best Buy’s online marketplace had generated $300 million in gross merchandise volume (GMV).

It includes more than 1,100 third-party sellers. The Best Buy online marketplace is No. 46 in the Global Online Marketplaces Database. That database ranks the largest such marketplaces by third-party GMV.

Best Buy said Bonfig “has developed invaluable relationships with the world’s most prominent technology companies, and over the years has greatly influenced the products and features that customers love and rely on today.” Bonfig said Barry “has had a meaningful impact” on him as a leader.

Barry said she “can confidently say” that Bonfig is “the right person, with the right vision, to accelerate the company’s strategy and take Best Buy into the future.” Do you rank in our databases? Submit your data and we’ll see where you fit in our next ranking update. Sign up Stay on top of the latest developments in the online retail industry.

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