Best Buy's Chief Commercial Officer Resigns, Shares Move Lower
Best Buy (NYSE: BBY) shares are trading down about a half percent in Monday's after-hours trading session as investors are continuing to digest news the company's Chief Commercial Officer has resigned.
Disclosed in an 8-K filing, the company announced Jude Buckley will be stepping down at the Commercial role in order to "pursue other interests." The change will be effective immediately, according to the filing.
Best Buy said Buckley's duties "have been assigned to various officers." The company will begin a search to find his replacement.
The stock last traded at $25.79, down about $0.12 from Monday's closing price.
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