Best Buy’s Dunn Investigated on Personal Conduct

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Best Buy’s Brian Dunn, who resigned as CEO Tuesday, did so amidst a probe into his personal conduct by the store’s board of directors, reported news agencies Wednesday.

Brian Dunn“Certain issues were brought to the board’s attention regarding Mr. Dunn’s personal conduct, unrelated to the company’s operations or financial controls, and an audit committee investigation was initiated,” said a Best Buy statement. “Prior to the completion of the investigation, Mr. Dunn chose to resign.”

Best Buy did not initially disclose the probe in announcing Dunn’s resignation.

No further details on why the probe was initiated were offered.

Dunn, age 51, resigned abruptly Tuesday, surprising industry members as well as Wall Street.

Source: Wall Street Journal, Reuters


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