Best Buy Co. founder and largest individual shareholder Richard Schulze resigned as chairman and a director and said he intends to explore options for his 20.1 percent stake, a move that could make the electronics retailer a takeover candidate.
“I continue to believe in Best Buy and its future — and care deeply about its customers, employees and shareholders,” Mr. Schulze said in a statement on Thursday. “There is an urgent need for Best Buy to reinvigorate growth by reconnecting with today’s customers and building pathways to the next generation of consumers.”
via Best Buy Founder Resigns, Explores Options for Stake – Kristin Jones – News – AllThingsD.