Best Buy on Monday announced that former Carlson boss Hubert Joly will take over as chief executive officer beginning next month. The retail giant’s former CEO, Brian Dunn, stepped down without warning this past April after the big-box retailer hit a rough patch and said during its fourth-quarter earnings call that it would shutter 50 U.S. stores. Now, The Wall Street Journal reports that Joly will be Dunn’s permanent replacement beginning in September. Best Buy still has an $8.5 billion buyout bid on the table from founder and former CEO Richard Schulze, though he is reportedly planning to revise his offer in an effort to make it more attractive. Read the full story at Boy Genius Report.