Best Buy board investigating misconduct allegations against CEO Corie Barry

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Best Buy board investigating misconduct allegations against CEO Corie Barry GlobeBusiness

This translation has been automatically generated and has not been verified for accuracy.U.S. consumer electronics retailer Best Buy Co said on Friday that its board was conducting an independent review on allegations of misconduct against chief executive officer Corie Barry after receiving an anonymous letter.

The Wall Street Journal reported that the letter, dated Dec. 7, claimed that Barry had a romantic relationship for years with former Best Buy senior executive Karl Sanft.Both Barry and Sanft joined the firm more than two decades ago. While Barry became the finance head in 2016 and CEO in June last year, Sanft, according to his LinkedIn profile, was senior vice president of U.S. retail operations until March last year.

Sanft, who is currently the operations head of California-based 24 Hour Fitness, did not respond to a Reuters request for comment.

 

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