Best Buy Co (BBY) just unveiled an update.
Best Buy Co., Inc. is undergoing a shift in board leadership with J. Patrick Doyle announcing his resignation in line with the company’s director retirement policy, effective June 12, 2024. David W. Kenny will step up as the new Board Chair, while David C. Kimbell will take over as Chair of the Compensation and Human Resources Committee. Additionally, the company has introduced a new policy requiring shareholder approval for executive severance packages exceeding a specified limit, emphasizing fiscal responsibility and shareholder engagement.
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