MINNEAPOLIS–Brad Anderson, chief executive officer of Best Buy, will retire in June and be succeeded by Brian Dunn, currently president and chief operating officer. Dunn joined Best Buy in 1985 as a store associate and has served in various positions.
Anderson, who has been CEO since 2002, joined the electronics chain in 1973. He will remain on the board as vice chairman until his term expires in 2010.
During his tenure, Best Buy’s revenues rose from $17.7 billion in fiscal 2002 to $40.0 billion in fiscal 2008.