Best Buy Names CEO as Board Battles Founder Schulze

Best Buy Names CEO as Board Battles Founder Schulze Play

Aug. 20 (Bloomberg) -- Bloomberg's Julie Hyman reports that Best Buy Co. named a new chief executive officer and sparred with founder Richard Schulze, who is trying to acquire the electronics retailer to take it private. Hubert Joly, CEO of hotel operator Carlson Cos., will takeover in September, replacing interim CEO Mike Mikan in a move that signals Best Buy plans to keep operating as a private company. She speaks on Bloomberg Television's "Market Makers."

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