Best Buy founder Richard Schulze, who did not submit a takeover bid prior to a recently passed deadline, has been named chairman emeritus; former executives Brad Anderson and Al Lenzmeier, meanwhile, have joined Best Buy’s board.
Tag: Leadership
700 episodes and still renovating for television.
Nicholas Wang, the CEO of Best Buy’s Five Star electronics chain in China, reportedly left the company earlier this week.
Some of the company’s products that are used in catheterization procedures have been recalled because of a potential for air leakage, which could lead to an obstructed artery and result in serious injury or death.
Longtime CEO Thomas Oland resigned in November and said he disagreed with the board’s decision to consider external candidates for his successor; now, the board has tapped an outsider as its next leader.
The company is asking the Supreme Court to review its recent ruling regarding locked-out workers; meanwhile, a proposed amendment seeks to ensure that locked-out North Dakota workers are not eligible for unemployment benefits in the future.
After dropping some controversial tax reform proposals, the governor said that raising taxes on the top 2 percent of the state’s earners would raise more than $1 billion in new revenue.
Kathleen Motzenbecker has extensive experience in international trade and foreign direct investment, having previously served as deputy director for Asia Pacific at the Illinois Department of Commerce and working for the Council on Foreign Relations in Washington, D.C.
The airplane manufacturer appointed Pat Waddick, a longtime employee and chief engineer of the company’s original aircraft, as president.
Locally-owned Franklin Bank, Park Midway Bank, and University Bank will merge and be rebranded as Sunrise Banks; meanwhile, San Francisco-based Bank of the West recently closed four Minnesota branches.
After two analysts upgraded Best Buy’s stock last month, two more have followed suit in March—and like the others, they credit the company’s new leadership team for what appear to be signs of a turnaround.
How a central banker’s views evolved and moved him from being a dissenter to a leading advocate of the Federal Reserve’s policy of keeping interest rates low.
The same Minnesotans who were on last year's list made repeat appearances this year, although the net worth of most has risen—and Best Buy founder Richard Schulze is no longer listed as a Minnesotan.
The changes, which include the appointment of a new top marketing executive, are the first since Sam Duncan took the reins as CEO and come less than two months after the company struck a deal to sell five of its largest retail grocery brands in a $3.3 billion deal.
A Star Tribune report, citing unnamed sources, indicated that founder Richard Schulze appears to be backing off a bid to acquire the company but is trying to regain his former position as chairman of the board.
Entrepreneurs Sara and David Russick share the wealth—and wisdom—through Gopher Angels.
The Dalai Lama blessed Starkey’s philanthropic work. Is that a clue that he will make a pilgrimage to the Twin Cities most celebrity-rich summer party?
Shaun Nugent worked at Sun Country from 2002 to 2007, first as CFO and then as both CFO and CEO starting in 2005.