Corie Barry's CEO Appointment Keeps Best Buy on Right Track, May Open New Partnership Opportunities
We don't anticipate material changes in no-moat Best Buy's strategic priorities or our Standard equity stewardship rating following its April 15 succession planning announcements, including the transition of CEO Hubert Joly to executive chairman, the appointment of CFO and Strategic Transformation Officer Corie Barry to CEO, and the promotion of U.S. Chief Operating Officer Mike Mohan to president and COO following its June 11 shareholder meeting. Since joining the company in 2012, Joly has been...Best Buy provides computing and mobile phones, consumer electronics, appliances, entertainment, services and other products. The company operates two reportable segments: Domestic, which is comprised of the operations in all states, districts and territories of the U.S. under various brand names including Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, Geek Squad, GreatCall, Magnolia and Pacific Kitchen and Home; and International, which is comprised of all operations in Canada and Mexico under the brand names Best Buy, Best Buy Express, Best Buy Mobile, Geek Squad and the domain names bestbuy.ca and bestbuy.com.mx.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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