Best Buy Ceo Steps Down

Best Buy Co. (Richfield, Minn.) ceo Brian Dunn has resigned from his position and will step down from the board, reports The Wall Street Journal.

The announcement comes a few weeks after the struggling consumer electronics retailer announced a turnaround strategy, including staff layouts and 50 big-box store closings this year.

Dunn began his career with the company as a store manager and worked his way up the corporate ladder over his 28-year career.

Board member G. Mike Mikan will serve as interim ceo until a replacement is found.