Best Buy Names Jason Bonfig CEO Effective November 1, as Corie Barry Exits October 31

Corie Barry steps down as Best Buy's CEO and board member at the end of the day on October 31, 2026. Jason Bonfig becomes CEO and a director effective November 1, 2026, according to Best Buy's Form 8-K dated 19 April 2026. Barry stays on as a strategic advisor for six months.

As of 26 October 2026, the handoff has not yet taken effect. The filing record covers the dates, Bonfig's pay terms and Barry's transition terms. It does not cover the company's performance under either executive.

The filing record is the main source for this story. Dates and transition terms come from Best Buy's 8-K and its press release, and the pay figures come from the 8-K as well. Each section below separates the dates from the money.

When does Corie Barry leave and when does Jason Bonfig take over?

Barry's last day as CEO and director is October 31, 2026. Bonfig's first day as CEO and director is November 1, 2026. The 8-K sets both dates, and the company's press release of 22 April 2026 repeats them.

The two effective dates are consecutive. Barry's last day as CEO and director is the day before Bonfig's first, so the CEO title passes from one executive to the next with no date between them. The sources used here do not describe how the work itself is handed over during that changeover.

For the earlier overview of dates and pay, see Best Buy CEO Jason Bonfig Takes Over From Corie Barry.

What does Jason Bonfig earn as CEO?

Bonfig's CEO pay has three parts: a base salary, a short-term incentive target and a long-term incentive target that starts in fiscal 2028. The 8-K sets these terms, agreed in April 2026. They are targets and salary terms, not amounts paid.

The base salary is a fixed annual figure. The short-term incentive is a percentage of that base salary, and it applies only while Bonfig serves as CEO. The long-term award is the largest figure in the table, but it does not start until fiscal 2028, so it is a later commitment than the salary and the short-term target.

What does Corie Barry receive after she steps down?

Barry remains employed by Best Buy as a strategic advisor in a non-executive officer role for six months after she leaves the CEO post. The 8-K covers her advisory salary, her short-term incentive and her benefits during that transition.

The transition has three parts: the six-month advisory role, a pro-rated short-term payout tied to the part of fiscal 2027 she served as CEO, and executive-level benefits for the length of the transition period.

Who leaves the board and who joins it?

Barry leaves Best Buy's board at the same time she steps down as CEO, effective at the end of October 31, 2026. Bonfig joins the board effective November 1, 2026. Both changes appear in the same 8-K, so the board seat and the CEO title change on consecutive days. The sources used here do not describe any period in which the seat is unfilled.

Was Corie Barry's exit planned?

Best Buy describes the exit as planned. The 8-K refers to "Corie Barry's planned departure," and the press release refers to "her planned departure at the end of Q3." The timing is fixed in advance, with a six-month advisory role afterward. The press release ties the departure to the end of Q3, which is the same October 31 date the 8-K gives for the end of the day. Neither document gives a reason for the change beyond that planned timing, so readers should not infer a motive from these sources alone. For how to tell a planned handoff from an abrupt exit in a filing, see CEO Succession 8-K: How to Tell a Planned Handoff From an Abrupt Exit.

What's still unclear?

• Two dates. The 8-K is dated 19 April 2026 and the press release is dated 22 April 2026. Both are company announcements, and the 8-K is the earlier one.
• The gap between the two dates. Barry's last day is October 31 and Bonfig's first is November 1. The sources used here do not name an interim arrangement for that gap.
• Reason for the change. The filing record shows what was agreed and when. It gives no reason for the change beyond the planned timing, and this article does not assess Best Buy's results under either executive.