Best Buy says its CFO Barry Judge has left the company, weeks after CEO Brian Dunn abruptly resigned amid investigation into his personal conduct
May 3, 2012
– Another executive at Best Buy has left the company, the consumer electronics retailer said Thursday.
Former Chief Marketing Officer Barry Judge is no longer with the Minneapolis company. The company said he left to "explore the next chapter in his career" but did not offer more specifics.
The news comes weeks after Best Buy CEO Brian Dunn abruptly resigned after the embattled consumer electronics chain launched an internal investigation into his "personal conduct." Best Buy has convened a search committee to find his replacement.
Judge joined Best Buy in 1999 as a member of the company's e-commerce team and was named chief marketing officer in 2008.
The company did not give details on who would replace him but said in a statement that "Best Buy is taking advantage of the opportunity to leverage the skills and experiences of additional senior leaders."
Even without the CEO drama, Best Buy has been facing difficulties. It faces slower sales of expensive items like TVs, plus increased competition from Amazon.com and discount stores like Target.
The company said last month it would close some of its big-box stores, cut 400 corporate jobs and trim $800 million in costs. Best Buy plans to open 100 smaller, more profitable Best Buy Mobile stores.
Best Buy shares fell 19 cents to $21.91 during midday trading.
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