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Best Buy executive chairman to step down

March 11 (Reuters) - Retailer Best Buy Co Inc said on Wednesday Executive Chairman Hubert Joly would step down and will not stand for re-election at the shareholder meeting on June 11.

Joly, a restructuring expert and former chief executive officer of the company, had played a role in reviving falling same-store sales at the retailer. (Reporting by Shradha Singh in Bengaluru; Editing by Krishna Chandra Eluri)