A small club of powerful women is about to get a little bigger.
With news that Best Buy named Corie Barry its new CEO, the number of women CEOs at S&P 500 companies will grow to 26 by the time Barry takes office in June, according to the latest count from nonprofit research group Catalyst. Those 26 women CEOs will represent just 5.2% of all S&P 500 CEOs.
For nearly seven years, Best Buy chief executive Hubert Joly gave a master class on how old school retailers can thrive in the online shopping era.
Joly steered the retailer through turmoil in the industry by dropping prices, beefing up customer service and turning stores into modern-looking showrooms during his run as chief executive. On Monday, Best Buy announced he will step down as CEO in June.
Under Joly, Best Buy’s stock price has quadrupled, and the company has posted five consecutive years of sales growth in stores open at least a year, including a 4.8% revenue increase in 2018.
We are angry, frustrated, and in pain because of the violence and murder of Black people by the police because of racism. We are in the fight AGAINST RACISM. George Floyd was murdered, his life stolen. The Adafruit teams have specific actions we’ve done, are doing, and will do together as a company and culture. We are asking the Adafruit community to get involved and share what you are doing. The Adafruit teams will not settle for a hash tag, a Tweet, or an icon change. We will work on real change, and that requires real action and real work together. That is what we will do each day, each month, each year – we will hold ourselves accountable and publish our collective efforts, partnerships, activism, donations, openly and publicly. Our blog and social media platforms will be utilized in actionable ways. Join us and the anti-racist efforts working to end police brutality, reform the criminal justice system, and dismantle the many other forms of systemic racism at work in this country, read more @ adafruit.com/blacklivesmatter
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