{"id":88379,"date":"1999-12-31T00:11:00","date_gmt":"1999-12-30T13:11:00","guid":{"rendered":"http:\/\/smartoffice.com.au\/best-buy-boss-quits-amid-probe\/"},"modified":"1999-12-31T00:11:00","modified_gmt":"1999-12-30T13:11:00","slug":"best-buy-boss-quits-amid-probe","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/best-buy-boss-quits-amid-probe\/","title":{"rendered":"Best Buy Boss Quits Amid &#8220;Probe&#8221;"},"content":{"rendered":"<p>Brian Dunn has quit from the top job at Best Buy.<\/p>\n<table style=\"\" border=\"0\" cellpadding=\"4\" cellspacing=\"0\" align=\"Right\">\n<tbody>\n<tr>\n<td height=\"300\" width=\"300\"><a href=\"javascript:;\" onclick=\"window.open('http:\/\/smartoffice.com.au\/wp-content\/uploads\/articleimages\/201204111124154d731.jpg', 'foo', 'width=400, height=438, scrollbars=yes, resizable=yes');\"><img decoding=\"async\" src=\"http:\/\/smartoffice.com.au\/wp-content\/uploads\/articleimages\/201204111124154d731_300x300.jpg\" border=\"0\"><\/a><br \/>Click to enlarge<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Dunn, whom Smarthouse interviewed at CES earlier this year, has resigned as chief executive and director of retailing giant Best Buy, the company announced today. <\/p>\n<p>&#8220;There were no disagreements between Mr. Dunn and the company on any matter relating to operations, financial controls, policies&#8221; but a &#8220;mutual agreement&#8221; that new leadership was needed address challenges the retailer faces, according to a company statement. <\/p>\n<p>Best Buy has laid off staff and restructuring its stores of late amid competition from e-tailers flogging everything from iPads to smartphones including the likes of Amazon.com.&nbsp; <\/p>\n<p>Dunn has worked at Best Buy&#8211;the world&#8217;s largest electronics retailer&#8211;for 27 years. <\/p>\n<p>However, there&#8217;s more to Dunn&#8217;s dudden departure than Best Buy are letting on, it appears.<\/p>\n<p>An investigation is underway by the retailing giant into Dunn&#8217;s &#8220;personal conduct&#8221; whom chose to resign before the probe took place, according to the <a href=\"http:\/\/www.sfgate.com\/cgi-bin\/article.cgi?f=\/g\/a\/2012\/04\/10\/bloomberg_articlesM29NIQ6VDKHU01-M2AAD.DTL\">San Francisco Chronicle<\/a>. <\/p>\n<p>&#8220;Certain issues were brought to the board&#8217;s attention regarding Mr. Dunn&#8217;s personal conduct, unrelated to the company&#8217;s operations or financial controls, and an audit committee investigation was initiated,&#8221; a Best Buy spokeswoman said. <\/p>\n<p>Director Mike Mikan has been named interim CEO while a search for Dunns replacement is underway. <\/p>\n<p>&#8220;I have enjoyed every one of my 28 years with this company, and I leave it today in position for a strong future. I am proud of my fellow employees and I wish them the best,&#8221; said Dunn, who previously gave <a href=\"smarthouse.com.au\/Consumer_Electronic_Show\/CES...\/S3K3C6E8\">Gerry Harvey some words of wisdom on the retailing sector<\/a>. <\/p>\n<p>&#8220;We thank Brian Dunn for his many years of service to the company and wish him well in his next endeavors,&#8221; said Best Buy Chairman Richard Schulze. &#8220;As we move forward, we are very pleased to have a strong leader with Mike Mikan&#8217;s credentials as interim CEO.&#8221;<\/p>\n<div class=\"NFBreak\" style=page-break-before:always contenteditable=\"false\">&nbsp;<\/div>\n<p>&#8220;The Best Buy team and I will be extremely focused on successfully managing this period of transition. I want to assure our employees, customers and other key stakeholders that we will work together to achieve our company&#8217;s growth and profitability goals,&#8221; said stand-in CEO Mikan. <\/p>\n<p>&nbsp;The US based retailer employs 167,000 staff globally. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brian Dunn has quit from the top job at Best Buy.<\/p>\n","protected":false},"author":41,"featured_media":93471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,179],"tags":[],"class_list":["post-88379","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-archive","category-retail","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Best Buy Boss Quits Amid &quot;Probe&quot; - Smart Office<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/best-buy-boss-quits-amid-probe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Best Buy Boss Quits Amid &quot;Probe&quot; - 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