Corie S. Barry

Chief Executive Officer (CEO) at Best Buy Co Inc

Board

Since 2019

Age

49 years

Education

Holds degrees from the College of St. Benedict.

Tenure

Joined Best Buy in 1999 and advanced through multiple roles including CFO, Chief Strategic Transformation Officer, and ultimately was appointed CEO in 2019.

Also at Best Buy Co Inc

Damien Harmon

SEVP, Customer, Channel Experiences & Enterprise Services

Jason Bonfig

SEVP, Customer Offerings and Fulfillment

Kamy Scarlett

SEVP, Human Resources, Corporate Affairs, and Canada

About

Corie S. Barry began her career at Best Buy in 1999 after graduating from the College of St. Benedict and gaining early experience as an auditor at Deloitte & Touche LLP. Her early years at Best Buy involved working in various financial and operational roles where she developed a deep understanding of the company’s strategic and growth imperatives.

Throughout her career at Best Buy, she assumed increasing responsibilities, serving as Vice President of Finance for the Home Customer Solutions Group, then moving on to roles such as Senior Vice President of Domestic Finance, and later as Chief Financial Officer and Chief Strategic Transformation Officer. These roles enabled her to spearhead significant initiatives aimed at transforming the organization’s digital and operational strategies.

Since her appointment as CEO in 2019, she has been at the forefront of Best Buy's strategic transformation, leading initiatives that include digital integration, the launch of innovative programs like the In-Home Consultation program, and a focus on reimagining the customer experience. In addition to her executive duties, she plays an active role in the broader business community through board memberships and leadership roles in organizations dedicated to mentoring and empowering women.

$BBY Performance Under Corie S. Barry

Past Roles

Organization	Role	Date Range	Details
Best Buy Co., Inc.	Chief Financial Officer & Chief Strategic Transformation Officer	2016-2019	Oversaw strategic transformation, digital & technology, global finance, investor relations, enterprise risk & compliance, integration management, and Best Buy Health
Best Buy Co., Inc.	Chief Strategic Growth Officer & Interim President, Services	2015-2016	Focused on strategic growth initiatives and led the services organization on an interim basis
Best Buy Co., Inc.	Senior Vice President, Domestic Finance	2013-2015	Managed domestic finance operations
Best Buy Co., Inc.	Vice President, Chief Financial Officer & Business Development, Home Business Group	2012-2013	Oversaw financial operations and business development for the Home Business Group
Best Buy Co., Inc.	Vice President, Finance – Home Customer Solutions Group	2010-2012	Managed financial operations for the Home Customer Solutions Group
Deloitte & Touche LLP	Auditor	N/A	Worked as an auditor before joining Best Buy in 1999

External Roles

Organization	Role	Date Range	Details
Domino's Pizza, Inc.	Board of Directors	N/A	Active board membership
College of St. Benedict	Board of Trustees	N/A	Active board role
Business Roundtable, Business Council, Retail Industry Leaders Association, Minnesota Business Partnership	Executive Committee Member	N/A	Serves on the Executive Committee for all listed organizations

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,325,000	53-week fiscal year	Actual earnings including off-cycle adjustments approved during the fiscal year.
Retirement Plan Contribution	$12,000	Annually	Company matching contributions to the Retirement Savings Plan.
Life Insurance Premiums	$641	Annually	Premiums for group term life insurance coverage.
Other Compensation	$134,599	As incurred	Includes supplemental executive long-term disability insurance, private jet lease costs for board meetings, executive physical, and tax preparation services.

Performance Compensation

Data from FY 2024

Short-Term Incentive (STI)

Component	Metric/Condition	Weight	Target/Fair Value	Actual Outcome/Details
Operating Income	Compensable Enterprise Operating Income	45%	N/A	Incorporated in the performance score
Revenue	Compensable Enterprise Revenue	35%	N/A	Incorporated in the performance score
CR&S	Corporate Responsibility & Sustainability	20%	N/A	Evaluated qualitatively
Target Payout	Based on 200% of annual base salary	N/A	$2,600,000	Designed target payout for fiscal 2024
Actual STI Payment	Overall performance multiplier of 0.7585	N/A	N/A	$1,972,101 paid after applying performance score

Long-Term Incentive (LTI)

Award Type	Performance Metric	Threshold	Target	Maximum	Vesting Schedule	Grant Date Fair Value	Share Quantity / Units
Performance Share Awards	Relative Total Shareholder Return (TSR)	30th percentile (50% target shares)	50th percentile (100% target shares)	70th percentile (150% target shares)	Based on TSR performance over a three‐year period	$5,499,501	63,249 target; 94,874 maximum
Time-Based Restricted Shares	Not performance driven	N/A	N/A	N/A	Vests in three equal installments on the first, second, and third anniversaries	$5,500,039	70,396

Evaluation Period: Fiscal 2024 performance for STI with LTI performance measured over a three-year period.

This detailed breakdown outlines the compensation components, performance metrics, targets, and vesting conditions along with exact dollar amounts and share quantities as provided in the documents.