The CEO of Twin Cities-based electronics retailer Best Buy will step down later this year, and the company has already named her successor.

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CEO Corie Barry will step down from her leadership roles within the company at the end of October.

Corie Barry, who was the first woman to lead the Minnesota-based electronics retailer, is preparing to step down. Company lifer Jason Bonfig will take the helm in November.

Add Yahoo as a preferred source to see more of our stories on Google. Best Buy CEO Corie Barry is set to step down. She will be replaced by company veteran Jason Bonfig in October

Key Takeaways Best Buy on Wednesday announced CEO Corie Barry will step down after seven years leading the company. She will be replaced by chief customer, product and fulfillment officer Jason Bonfig effective Nov.

Best Buy CEO Corie Barry will step down in November after seven years leading the consumer electronics retailer. Jason Bonfig, 49, a company veteran who serves as chief customer, product and fulfillment officer,