Hubert Joly

Hubert Joly

Name	Hubert Joly
Birth name
Birth date	1959
Birth place	Nancy, France
Death date
Death place
Alma mater
Occupation	Business Executive
Years active
Organization
Known for	Former CEO of Best Buy
Notable works
Spouse(s)
Website

Hubert Joly (born 1959) is a French business executive known for his role as the former Chief Executive Officer (CEO) of Best Buy, a leading American multinational consumer electronics retailer. Joly is credited with leading a successful turnaround of Best Buy during his tenure from 2012 to 2019.

Early Life and Education

Hubert Joly was born in 1959 in Nancy, France. He pursued his higher education at the HEC Paris, one of the most prestigious business schools in France, where he earned a degree in business administration. Joly furthered his education by obtaining a public administration degree from the Institut d'Études Politiques de Paris (Sciences Po).

Career

Early Career

Joly began his career at McKinsey & Company, a global management consulting firm, where he worked as a consultant. His work at McKinsey provided him with a strong foundation in strategic management and business operations.

Carlson Companies

In 2004, Joly joined Carlson Companies, a global hospitality and travel conglomerate, where he served as the CEO of Carlson Wagonlit Travel. He later became the President and CEO of Carlson Companies, where he was instrumental in expanding the company's global presence.

Best Buy

In 2012, Joly was appointed as the CEO of Best Buy. At the time, Best Buy was facing significant challenges, including declining sales and increasing competition from online retailers like Amazon. Joly implemented a strategic plan known as "Renew Blue," which focused on improving customer service, enhancing the online shopping experience, and optimizing the company's retail footprint.

Under Joly's leadership, Best Buy returned to profitability and saw a resurgence in its stock price. His approach emphasized employee engagement, cost reduction, and strategic partnerships with major technology companies.

Post-Best Buy

After stepping down as CEO in 2019, Joly continued to serve as the Executive Chairman of Best Buy until 2020. He has since focused on writing and speaking about leadership and business transformation.

Leadership Philosophy

Joly is known for his human-centric approach to leadership, which emphasizes the importance of employee engagement and customer satisfaction. He advocates for a leadership style that prioritizes purpose and values, believing that businesses should serve all stakeholders, including employees, customers, and shareholders.

Publications

Joly has written extensively on leadership and business strategy. His insights are often featured in business journals and he is a sought-after speaker at industry conferences.

Also see

• Best Buy
• Carlson Companies
• McKinsey & Company
• HEC Paris
• Institut d'Études Politiques de Paris