Best Buy starts investigation into CEO's personal conduct

Best Buy starts investigation into CEO's personal conduct

Best Buy board investigates CEO Barry over allegation of inappropriate relationship

Best Buy announced on Friday that it was investigating allegations of misconduct against CEO Corie Barry months after taking the lead in the electronics big box store. The Wall Street Journal, which first reported on the probe Friday, Jan. 17, 2020, said it saw the anonymous letter, which alleged that Barry had a relationship with another executive.

"We encourage the letter's author to come forward and be part of that confidential process", Best Buy said in its statement.

The claims were made in an anonymous letter that was sent to the retailer in December.

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"Best Buy takes misconduct allegations very seriously", the spokesman said.

Barry said the board will have her "full cooperation and support" during the review. Barry allegedly was into a relationship with Sanft before she became the chief executive officer in June 2019. "We will not comment further until the review is concluded".

Both Barry and Sanft joined Best Buy in the 1990s. She advanced through finance and operational roles, including interim president of the Geek Squad, and became chief financial officer in 2016.

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The company ousted its then-chairman Richard Schulze after it was found that he failed to tell the board that Mr Dunn had an improper relationship with a female employee.

Best Buy is one of just a few old-school retailers to thrive in the face of Amazon, and its also holding its own against retail powerhouses like Walmart and Target.

The writers of the letter describe themselves as a group of employees in several states who have worked at the company from seven to 25 years.

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Ms. Barry didn't address the allegations and said she is cooperating with the probe.

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