Best Buy (BBY) Stock Gains in After-Hours Trading on Chairman's Retirement Announcement

April 13, 2015 8:25 PM

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Best Buy (BBY) Stock Gains in After-Hours Trading on Chairman's Retirement Announcement

NEW YORK (TheStreet) -- Shares of Best Buy (BBY - Get Report) were gaining 0.8% to $38.64 after-hours Monday after the electronics retailer announced that board chairman Hatim Tyabji will retire on June 9.

Best Buy President and CEO Hubert Joly will succeed Tyabji and take on the role of chairman. Russell P Fradin, the President and CEO of SunGuard and a member of Best Buy's board since April 2013, will take on the role of Lead Independent Director.

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