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24 May: Best Buy Announces Internal Succession Plan for Company’s Chief Administrative and Chief Financial Officer

CAO and CFO Sharon McCollam to step down at conclusion of company’s annual shareholder meeting in June

Current Chief Strategic Growth Officer to assume CFO role

MINNEAPOLIS, May 24, 2016 — As part of an internal succession plan, Best Buy today announced that Sharon McCollam, the company’s chief administrative and chief financial officer, will be stepping down on June 14, 2016. McCollam will remain with the company in an advisory capacity until the end of the fiscal year, January 28, 2017, to ensure a seamless transition.