The Big Story Blog

Will leadership change turn around Best Buy?

Posted at 9:44 AM on April 10, 2012 by Paul Tosto
Filed under: Economy

(Photo by Justin Sullivan/Getty Images)

Best Buy executives today called it a "mutual agreement" between the company and chief executive Brian Dunn that Dunn will end his 28 years with the company and Best Buy will seek "new leadership to address the challenges that face the company."

Those "challenges" are huge.

Best Buy critics have publicly questioned the Richfield-based company's strategy and whether it was built for the long haul.

The company today said director G. Mike Mikan has been named interim CEO while a search for a new executive is underway.

No matter who's picked, though, the basic question still stands: Can a company that built a fortune selling electronics from brick-and-mortar stores survive the competition in the Internet age?

About Paul Tosto

Paul Tosto

Paul Tosto writes the Big Story Blog for MPR News. He joined the newsroom in 2008 after more than 20 years reporting on education, politics and the economy for news wires and newspapers across the country.

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