Best Buy investigates claims that its CEO was romantically involved with another executive

Best Buy CEO Corie Barry.

caption
Best Buy CEO Corie Barry.
source
Best Buy / Reuters
  • Best Buy is investigating allegations that CEO Corie Barry was romantically involved with a fellow executive, the company confirmed to Business Insider on Friday.
  • The claims were made in an anonymous letter that was sent to the retailer in December.
  • Visit Business Insider’s homepage for more stories.

Best Buy is investigating claims that its CEO, Corie Barry, was involved in a romantic relationship with a fellow executive, the company confirmed on Friday to Business Insider.

“The board has my full cooperation and support as it undertakes this review, and I look forward to its resolution in the near term,” Barry said on Friday in a statement to Business Insider.

An anonymous letter sent to the retailer in December alleged Barry was involved with former Best Buy Senior Vice President Karl Sanft for years before she became the retailer’s CEO, according to The Wall Street Journal, which first reported the news of the investigation.

Barry took over as CEO in June.

“Best Buy takes allegations of misconduct very seriously,” the company told Business Insider. “Upon the receipt of an anonymous letter containing allegations against our CEO, the Audit Committee of the Board immediately retained outside counsel, Sidley Austin LLP, to conduct an independent review that is ongoing. We encourage the letter’s author to come forward and be part of that confidential process. We will not comment further until the review is concluded.”

Sanft left Best Buy in March and became the chief operating officer of 24 Hour Fitness Worldwide in April, according to his LinkedIn account.

If you work for Best Buy and have information to share, contact this reporter via encrypted messaging app Signal at +1 (646) 768-4757 using a nonwork phone, email at hpeterson@businessinsider.com, or Twitter DM at @hcpeterson.