The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA)TM, regarding Best Buy’s promotion of Corie Barry to CEO and the elevation of Mike Mohan to President and COO and Hubert Joly to Executive Chairman of The Board:

“We congratulate Corie Barry on her well-deserved promotion to CEO. To remain the world leader in innovation, our nation must develop a diverse group of talent and promote the best and brightest candidates. Corie’s hiring recognizes her exceptional leadership and successful growth during her two decades with the company.

“We also congratulate Hubert Joly and Mike Mohan on their elevation to new roles. During his successful tenure at the helm of Best Buy, Hubert consistently has delivered innovation and vision, and we appreciate his deep engagement with CTA. And Mike’s tenures on CTA’s Executive Board and Board of Industry Leaders demonstrate his passion and advocacy for consumer technology.

“Best Buy is a longtime member of CTA and participant at CES®, and this is an exciting time for the company. We look forward to more success together under Corie’s tenure as CEO.”