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Founder of U.S. Store Chain Best Buy Resigns

posted on 2012-06-09 14:04 EDT

Best Buy founder and chairman Richard Schulze announced on Thursday that he will resign immediately from his position with the American electronics and media store chain. The announcement comes almost two months after the announcement of former CEO Brian Dunn's resignation.

Schulze initially planned a phased resignation after an investigation in May revealed that he had known for more than a year that Dunn was involved in an inappropriate relationship with a staffer. Schulze says he is expediting his resignation "in order to explore all available options for my ownership stake."

Source: ICv2

Update: Brian Dunn's name corrected. Thanks, Apollo-kun.


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