67°

Topics

Richard Schulze
Best Buy founder Richard Schulze returns as chairman emeritus
Best Buy founder Richard Schulze returns as chairman emeritus

Best Buy founder Richard Schulze is throwing his support behind the current management, returning as chairman emeritus to the electronics retailer he left in a haze of scandal last year and then tried to buy out. Schulze is bringing with him former Chief Executive Brad Anderson and former President and Chief Operating Officer Al Lenzmeier – both of whom were involved in Schulze’s potential acquisition plot.   Anderson and Lenzmeier were added immediately to the Best Buy board after being nominated by Schulze and will stand for election during the company’s shareholder meeting in June. Schulze, who with a roughly 20% stake is Best Buy’s largest shareholder, said he has “come to know and...

Loading