Best Buy names Jason Bonfig CEO, succeeding Corie Barry effective Nov. 1, 2026
Best Buy said Corie Barry will step down as chief executive and board member at the end of the day on October 31, 2026. Jason Bonfig, the company's senior executive vice president for customer offering, fulfillment and Best Buy Canada, will become CEO and a director effective November 1, 2026, and was appointed on April 19, 2026. The filing gives compensation terms for both executives but no financial results, so the change is a leadership transition with no stated effect on current earnings or guidance.
Key points
- Jason Bonfig, age 49, has held his current role since 2021 and has worked at Best Buy since 1999
- Bonfig's base salary will rise to $1,250,000, with a short-term incentive target of 190% of base salary while he is CEO
- Barry stays on as a strategic advisor for six months and her base salary will fall to $1,000,000
- Bonfig's enhanced change-of-control severance is two times base salary plus target bonus, plus a pro-rata bonus
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.