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    Corie S. Barry

    Chief Executive Officer (CEO) at BBest 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

    DH
    Damien Harmon
    SEVP, Customer, Channel Experiences & Enterprise Services
    JB
    Jason Bonfig
    SEVP, Customer Offerings and Fulfillment
    KS
    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

    OrganizationRoleDate RangeDetails
    Best Buy Co., Inc. Chief Financial Officer & Chief Strategic Transformation Officer2016-2019 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, Services2015-2016 Focused on strategic growth initiatives and led the services organization on an interim basis
    Best Buy Co., Inc. Senior Vice President, Domestic Finance2013-2015 Managed domestic finance operations
    Best Buy Co., Inc. Vice President, Chief Financial Officer & Business Development, Home Business Group2012-2013 Oversaw financial operations and business development for the Home Business Group
    Best Buy Co., Inc. Vice President, Finance – Home Customer Solutions Group2010-2012 Managed financial operations for the Home Customer Solutions Group
    Deloitte & Touche LLP AuditorN/A Worked as an auditor before joining Best Buy in 1999

    External Roles

    OrganizationRoleDate RangeDetails
    Domino's Pizza, Inc. Board of DirectorsN/A Active board membership
    College of St. Benedict Board of TrusteesN/A Active board role
    Business Roundtable, Business Council, Retail Industry Leaders Association, Minnesota Business Partnership Executive Committee MemberN/A Serves on the Executive Committee for all listed organizations

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional 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)

    ComponentMetric/ConditionWeightTarget/Fair ValueActual Outcome/Details
    Operating IncomeCompensable Enterprise Operating Income45% N/AIncorporated in the performance score
    RevenueCompensable Enterprise Revenue35% N/AIncorporated in the performance score
    CR&SCorporate Responsibility & Sustainability20% N/AEvaluated qualitatively
    Target PayoutBased on 200% of annual base salaryN/A$2,600,000 Designed target payout for fiscal 2024
    Actual STI PaymentOverall performance multiplier of 0.7585N/AN/A$1,972,101 paid after applying performance score

    Long-Term Incentive (LTI)

    Award TypePerformance MetricThresholdTargetMaximumVesting ScheduleGrant Date Fair ValueShare Quantity / Units
    Performance Share AwardsRelative 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 SharesNot performance drivenN/AN/AN/AVests 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.