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Best Buy Announces Retirement of International Leader
Best Buy Announces Retirement of International Leader
MINNEAPOLIS, November 11, 2009 – Best Buy (NYSE:BBY) announced today that Robert A. Willett, 63, CEO of Best Buy International, will retire effective Dec. 31, 2009. The company does not plan to name a successor to the specific role of International CEO. Brian J. Dunn, Chief Executive of Best Buy Co., Inc., is working with Willett on a smooth transition. The company has strong local leaders and teams in every country in which it operates and is confident in their abilities. Best Buy’s evolving global growth strategy creates opportunities to approach the work in new ways. The company remains fully committed to its global growth strategy, and it continues to be one of the company’s four strategic priorities.
About Best Buy Co., Inc.
With operations in the United States, Canada, Europe, China and Mexico, Best Buy is a multinational retailer of technology and entertainment products and services with a commitment to growth and innovation. The Best Buy family of brands and partnerships collectively generates more than $45 billion in annual revenue and includes brands such as Best Buy, Audiovisions, The Carphone Warehouse, Future Shop, Geek Squad, Jiangsu Five Star, Magnolia Audio Video, Napster, Pacific Sales, The Phone House, and Speakeasy. Approximately 155,000 employees apply their talents to help bring the benefits of these brands to life for customers through retail locations, multiple call centers and Web sites, in-home solutions, product delivery and activities in its communities. Community partnership is central to the way business is done at Best Buy. In fiscal 2009, Best Buy donated a combined $33.4 million to improve the vitality of the communities where its employees and customers live and work. For more information about Best Buy, visit www.bestbuy.com.
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