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The Board of Directors for Carlson, a global hospitality and travel company headquartered in Minneapolis, Minn., announced that Hubert Joly has resigned as CEO of the company. Joly will be moving on to the position of president and CEO of Best Buy after holding his position with Carlson since 2008.
Trudy Rautio, a senior executive with Carlson for 15 years, will replace Joly as the leader of the company. For the past eight years, Rautio has served as executive vice president and chief financial and administrative officer of Carlson, where she has been responsible for directing all financial and information technology operations of the company. She serves on the boards of Carlson Wagonlit Travel (CWT) and The Rezidor Hotel Group -- Carlson’s majority-owned hotel group in Europe, Middle East, and Africa.
Carlson’s chair of the board, Marilyn Carlson Nelson, recognized Joly's years of leadership. In an anouncement, Nelson said, "With Hubert Joly’s leadership through some very difficult financial times, Carlson is on strong financial footing. Hubert was hired as Carlson’s first non-family CEO and we are grateful for his contributions to our company.”
Rautio is Carlson’s second female president and chief executive officer. Nelson noted, “Trudy has the full confidence and support of the Carlson family and Board of Directors. We are poised to accelerate our growth and Trudy has the experience, leadership and vision for Carlson’s exciting next chapter.”
In accepting the appointment, Rautio said, “I am honored to accept the leadership role of this dynamic company as Carlson progresses through its Ambition 2015 goals. I am appreciative of the support given to me by the board of directors and the members of the Carlson family and am excited about the future opportunities for each of our businesses.”
In regards to his new appointment as president and CEO of Best Buy, Joly said, "“I am honored and excited to lead Best Buy. Best Buy has extraordinary assets -- including its 167,000 employees, its huge customer base, its distribution and service capabilities, its well-recognized brands, and its history of innovation. I look forward to working with the Company’s management team and employees to pursue what are exciting growth opportunities for Best Buy – both online and offline, through a combination of competitive prices, superior service, new growth engines and innovations, as we deliver to millions of customers the technology solutions that enable easy access to people, knowledge, ideas and fun.”
Joly is expected to step into his new role in early September when his visa is secured.
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