In 2012, Hubert Joly filled in the shoes of Brian J. Dunn as CEO of Best Buy. He also holds the position of a Chairman at the Fortune 500 listed American consumer technology products and services company. Best Buy was started in 1966 as Sound of Music by Founders James Wheeler and Richard M. Schulze. Best Buy CEO Hubert is known as turnaround and transformation specialist. He helped the brick-and-mortar retailer to sail through difficult times and thrive. Under his leadership, company’s both domestic and international businesses are performing well.
(Recommended read: Doug McMillon, Walmart CEO)
Best Buy Competitors
The electronic and home entertainment products retailer, Best Buy competes with:
- Walmart
- Target
- Lowe’s
- Home Depot
Salary & Net Worth – Investors, Funding, & Valuation
In 2017, Hubert made a total of 16.7 million USD in salary. His base pay was 1.286 million USD, stock options were worth 8.6 million USD, and bonuses accounted for 4.6 million USD. You will learn about his net worth soon.
The publicly listed American consumer electronics retail company, Best Buy’s valuation in terms of market cap is estimated to be around 21.9 Billion USD. However, from the point of view of revenue and profits that the company made in past three years, its net worth is estimated to be around 29 Billion USD. Institutional investors are the owners of 90% of company’s stock. FMR LLC and The Vanguard Group Inc. are some of them. More information will be added later on.
(Also read: Brian Cornell, Target CEO)
Career & Education – Company, University, & College
Joly joined Best Buy as CEO, President and Director in 2012. Prior to coming to Best Buy, he was at Carlson serving the company as President, CEO, and Director from 2008 to 2012. Before that, he worked with Carlson Wagonlit Travel as President and CEO from 2004 to 2008. Between 2000 and 2004, he was EVP at Vivendi Universal. From 1999 to 2001, he led Vivendi Universal Games as CEO. He joined Vivendi after leaving his job at EDS, where he worked as President for its France business and Vice President for Europe’s from 1996 to 1999. Before coming to EDS, he served McKinsey & Company from 1983 to 1996.
Hubert attended France’s top university Sciences Po from 1981 to 1983 to earn his degree in Economics. He also studied in HEC Paris.
Contact Hubert Joly – Email Address | Twitter | LinkedIn
Hubert’s LinkedIn address is https://www.linkedin.com/in/hubertjoly. His email ID along with other contact info will be shared soon.
Best Buy Customer Care Number | Help & Support
Customers can call at the customer care number 1-888-237-8289 for help around any query or concern.
Wiki Trivia on Hubert Joly – Age, Wife, & More
Best Buy CEO Hubert, age 59, was born on 11 August 1959, in Nancy, France. He lives in Richfield, Minnesota, U.S. In 2013, he sold about 20% of his stake in the company, raising little more than 10 million USD. He took this step to pay divorce settlement to his ex-wife. In 2018, he donated 4.3 million USD to his Alma Mater HEC Paris to help it provide Purposeful Leadership.
(Suggested read: Craig Menear, Home Depot CEO)