Hubert Joly is recognized as one of the top 100 CEOs in the World by the Harvard Business Review, one of the Top 30 CEOs in the World by Barron’s, and one of the Top 10 CEOs in the U.S. by Glassdoor, Joly’s leadership as the Chairman and Chief Executive Officer of Best Buy has been praised by his colleagues, consumers, and investors alike.
In 2012, the retail industry was suffering, and Best Buy was no exception. However, under the direction of Joly, the retail giant not only survived, it thrived, to the benefit of all of the company’s stakeholders. To accomplish this, he employed a powerful philosophy: pursue a noble purpose, put people at the center of the business, create an environment where every employee can succeed, and treat profit as an outcome, not the goal.
His greatest achievement, however, may have been to make himself dispensable: he decided to step down as CEO in 2019 and as executive chairman in 2020, and passed the baton to a diverse, new generation of leaders, which included appointing Corie Barry as CEO, and building a board of directors that had a majority of female directors and 3 black directors.
Hubert Joly currently serves as a Senior Lecturer at Harvard Business School. He is also a member of the board of directors of Johnson & Johnson and Ralph Lauren Corporation, a member of the International Advisory Board of HEC Paris, and a Trustee of the Minneapolis Institute of Art. He is the author of the upcoming book “The Heart of Business – Leadership Principles for the Next Era of Capitalism.”
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