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August 20, 2012 05:56 pm GMT

Best Buys Stock Price Tumbles After Naming Its New CEO

best-buyBest Buy has been navigating some rough seas lately, but it would seem the company has finally found the skipper it's been looking for. The Wall Street Journal reported earlier today that Best Buy has hired former Carlson CEO Hubert Joly to take over the CEO position from placeholder Mike Mikan. Joly is slated to begin his tenure at the Minnesota-based company in September -- he's still working on getting his Visa.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jxO6oNRFkWM/

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