President of Best Buy Health Asheesh Saksena stepped down from his role but will remain affiliated with the company as a strategic advisor to CEO Corie Barry, according to an Aug. 6 CNBC report.
While the company searches for someone to replace Mr. Saksena, his team will report directly to Ms. Barry. The reasons for Mr. Saksena's departure have not been made public.
Best Buy began building its healthcare business two years ago with the $800 million acquisition of GreatCall, which makes cell phones and connected health devices and provides emergency room services for older adults. It also purchased Critical Signal Technology, another company focused on older adults, in 2019.
During his tenure, Mr. Saksena was responsible for the acquired companies and setting forth Best Buy's healthcare strategy. During Best Buy's quarterly earnings call in May, Ms. Barry said its healthcare division wanted to add services that would help people manage chronic conditions from home.
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