ESL Appoints Former Best Buy Executive Mikan as President
This article is for subscribers only.
ESL Investments Inc., the hedge fund run by Edward Lampert, named former Best Buy Co. interim chief executive officer G. Mike Mikan as president.
Mikan, whose appointment is effective Jan. 1, will report to Lampert, the firm said today in a statement. Mikan served as interim CEO at Best Buy from April to September and had been on the company’s board since 2008, according to the statement. Mikan has resigned from Best Buy’s board, the Richfield, Minnesota-based consumer-electronics retailer said today in a regulatory filing.