Best Buy announced a CEO succession plan where Corie Barry will depart on October 31, 2026, to be succeeded by current Senior EVP Jason Bonfig on November 1, 2026. Bonfig’s new compensation includes a $1.25 million base salary and a target long-term incentive of $10.125 million starting in fiscal 2028. This transition provides investors with leadership continuity by promoting a 25-year company veteran and establishing a structured advisory period for the outgoing CEO.
