Best Buy President and Chief Operating Officer Mike Mohan is stepping down from his post, effective July 1, according to a securities filing.
Addressing Mohan’s departure in a research note, analysts with Telsey Advisory Group anticipate Best Buy will continue as a “long-term winner” in the industry. “While Mr. Mohan’s leadership at Best Buy will be missed, the company has a deep bench of strong executives to continue to lead and transform the company,” the analysts said.
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