Joseph Doyle - Best Buy Independent Chairman of the Board

BBY Stock  USD 87.86  0.79  0.91%   

Chairman

Mr. Joseph Patrick Doyle is an Independent Director of Best Buy Co since 2021.
Age 56
Tenure 3 years
Address 7601 Penn Avenue South, Richfield, MN, United States, 55423
Phone612 291 1000
Webhttps://corporate.bestbuy.com
Doyle has served as Chief Executive Officer of Domino’s Pizza, Inc., the secondlargest pizza company in the world, since 2010. Prior to that, he held a variety of other senior leadership roles at Domino. Under Mr. Doyle’s leadership, Domino’s has significantly enhanced its multichannel presence, with digital channels now accounting for 60 percent of U.S. orders. That expertise supports Best Buy’s goal of increasing its online market share. Having led remarkable growth and transformation at Domino’s, Mr. Doyle’s experience and insights are valuable to the Board and senior management as Best Buy undertakes a similar effort. Under Mr. Doyle, Domino’s rebuilt its reputation among consumers and nearly doubled its global retail sales from $5.5 billion in 2008 to $10.9 billion in 2016.

Best Buy Management Efficiency

The company has Return on Asset of 0.0722 % which means that on every $100 spent on assets, it made $0.0722 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.4241 %, implying that it generated $0.4241 on every 100 dollars invested. Best Buy's management efficiency ratios could be used to measure how well Best Buy manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.001 in 2024. Return On Capital Employed is likely to drop to 0.06 in 2024. At this time, Best Buy's Non Current Assets Total are fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 702.5 M in 2024, whereas Total Assets are likely to drop slightly above 9.7 B in 2024.
Best Buy Co has 3.98 B in debt with debt to equity (D/E) ratio of 1.34, which is OK given its current industry classification. Best Buy has a current ratio of 0.96, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Best to invest in growth at high rates of return.

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Best Buy Co., Inc. retails technology products in the United States and Canada. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota. Best Buy operates under Specialty Retail classification in the United States and is traded on New York Stock Exchange. It employs 57750 people. Best Buy Co (BBY) is traded on New York Stock Exchange in USA. It is located in 7601 Penn Avenue South, Richfield, MN, United States, 55423 and employs 85,000 people. Best Buy is listed under Computer & Electronics Retail category by Fama And French industry classification.

Management Performance

Best Buy Leadership Team

Elected by the shareholders, the Best Buy's board of directors comprises two types of representatives: Best Buy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Best. The board's role is to monitor Best Buy's management team and ensure that shareholders' interests are well served. Best Buy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Best Buy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Brian Tilzer, Chief Digital and Technology Officer
Jason Bonfig, Senior Fulfillment
Matthew Furman, Chief Communications and Public Affairs Officer
Ron Wilson, President International
R Mohan, President, Chief Operating Officer
Jeff Haydock, Chief Officer
Claudia Munce, Independent Director
Karen McLoughlin, Independent Director
Deborah DiSanzo, President Best Buy Health
Todd Hartman, Executive Vice President Chief Compliance Officer, Chief Risk Officer, General Counsel, Secretary
Thomas Millner, Independent Director
Corie Barry, Chief Executive Officer, Director
Matthew Bilunas, Chief Financial Officer
Keri Grafing, Chief Officer
Allison Peterson, Chief Customer Officer
Steven Rendle, Independent Director
Mark Irvin, Chief Officer
David Kenny, Independent Director
Eugene Woods, Independent Director
Richard Schulze, Founder Emeritus
Mollie Obrien, Senior Director of Investor Relations
Mathew Watson, Chief Accounting Officer, Vice President - Finance, Controller, Principal Accounting Officer
Kathy Victor, Independent Director
Joseph Doyle, Independent Chairman of the Board
Russell Fradin, Lead Independent Director
Richelle Parham, Independent Director
Lisa Caputo, Independent Director
Kamy Scarlett, Chief Human Resources Officer; President, U.S. Retail Stores
Mark Weinberger, Director
Mario Marte, Independent Director
Damien Harmon, Channel Customer

Best Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Best Buy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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