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CHAUDHRI: Time for Canadian businesses to make a turn around

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BestBuy CEO Hubert Joly is a master of the turnaround.

Joly has built his career by taking the helm of failing companies and steering them into blue skies of success.

The day Joly joined, BestBuy ’s stock tanked 10% .

Within two months of joining, Joly met the board and presented a plan coined RenewBlue to turn the company around.

By the time Joly handed over the reins to his successor CEO in 2019 the stock had soared by 330% .