Best Buy Founder Schulze Returns as Chairman Emeritus
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Best Buy Co. founder Richard Schulze will return to the company as chairman emeritus after failing in a six-month attempt to take over the electronics retailer he started more than four decades ago.
Schulze also nominated former Best Buy chief executive officer Brad Anderson and former vice chairman Al Lenzmeier to the retailer’s board, the Richfield, Minnesota-based company said today in a statement. Anderson and Lenzmeier, both allies of Schulze, join the board immediately and will stand for election at the annual meeting in June.