The electronics retailer says the committee will lead a global search for the successor to Brian Dunn, who resigned this week. The process is expected to take six to nine months and will look at both external and internal candidates, including interim CEO Mike Mikan.
Lost 1-year-old reunited with parents in Brooklyn Park
The girl was found by a concerned citizen around 7:30 p.m. Sunday.
For 2nd time, Minnesota farm devastated by deadly fire
Around 1,000 goats and a litter of puppies were killed when a barn caught fire on Friday.
Fleeing suspect crashes, killing innocent driver in Brooklyn Park
The suspect fled police in Osseo and was going south on County Road 81.
Body found tangled with debris in the Mississippi River
The individual's name has not yet been released.
Around 100 kids run from carnival fight into Northtown Mall
Police say a large fight was happening on the ferris wheel before kids fled into the mall.
Former state senator Scott Jensen endorsed by GOP for governor
Jensen beat to multiple other hopefuls for the endorsement at Saturday's convention.
2 men die at the scene of shooting in north Minneapolis
Both men died at the scene.
NWS already monitoring Thursday for severe weather in MN
Monday-Wednesday should be fantastic weather in Minnesota.
Body of missing Mankato woman believed to have been found
A canoer found the body in a swamp near Eagle Lake Friday.
MN GOP endorses attorney general, secretary of state candidates
Kim Crockett was endorsed as the party's candidate for secretary of state, while Jim Schultz won the endorsement for attorney general.
Volunteer firefighter identified as man killed during Thursday storms
The Kandiyohi County Sheriff's Office confirmed that 63-year-old Ryan Erickson died when a grain bin fell on him.
Firm takes on case defending Taco Chon against Taco John's lawsuit
The local Mexican restaurant is fighting a case presented by Taco John's over naming rights, among other things.
Best Buy selects CEO search committee
Four board members will lead the global search for a new chief executive officer at the Richfield-based electronics retailer. Brian Dunn resigned from the leadership position amid an investigation into his personal conduct. Interim CEO Mike Mikan is considered a candidate to permanently replace Dunn. Best Buy expects the search process to take six to nine months.
Best Buy selects the nation's largest executive search firm to find its next CEO
The Richfield-based consumer electronics giant hopes to hire Brian Dunn's replacement within the next nine months. Dunn resigned in April amid an internal probe that later found he had an inappropriate relationship with a female employee. Best Buy also disclosed interim CEO Mike Mikan's compensation package. He is considered a candidate to permanently replace Dunn.
Best Buy's interim CEO makes $3.3 million
Interim Best Buy CEO G. "Mike" Mikan is getting an annual base salary of $1.1 million, the equivalent of former CEO Brian Dunn's pay. In addition, Best Buy also will pay Mikan based on the annual performance bonus that Dunn could have earned last year: $2.2 million. Corporate governance experts say Mikan's pay is overly generous, given his lack of retail experience.
CEO Brian Dunn resigns from Best Buy
Dunn is stepping down after being with the Richfield-based electronics retailer for nearly 30 years. Best Buy recently announced it was closing 50 stores and terminating 400 corporate jobs. Board member Mike Mikan will serve as interim CEO during the search for a permanent replacement.
Best Buy CEO resigned amid misconduct investigation
A spokeswoman for Best Buy says a committee was investigating Brian Dunn's personal conduct when the CEO chose to resign. She says the issues that led to the investigation were not related to Best Buy's operations or finances. The company described Dunn's departure as a "mutual agreement that it was time for new leadership."
Best Buy CEO: We'll rise despite upheaval
After a series of bombshells that have shaken the company, Best Buy's interim CEO is trying to reassure employees that the electronics retail giant will rebound and rise again. "This has undoubtedly been the most difficult period in Best Buy's history," G. Mike Mikan said in a video message to employees Tuesday, the Pioneer Press reports.
Best Buy expanding its investigation into former CEO Brian Dunn
The Richfield-based electronics chain is looking into whether top company leaders failed to report information to the board of directors, according to the Star Tribune. Brian Dunn resigned abruptly last month amid an internal investigation. He's accused of personal misconduct with company resources.
Best Buy vows to improve, touts turnaround plan
Interim CEO Mike Mikan told shareholders and employees, gathered at Best Buy's annual meeting Thursday, the company is committed to changing in fundamental ways. The Richfield-based electronics retail giant plans to provide new employee training for better customer service, reduce its retail footprint and tackle trends like "showrooming" that are hurting the retailer's sales. Best Buy is also recovering from three months of internal drama, including the abrupt resignation of its founder and largest share holder Richard Schulze. He was not seen at Thursday's meeting.
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