Best Buy to Seek New CFO
Minneapolis, Best Buy Co. announced late Wednesday that CFO Darren Jackson will be replaced as he moves to a customer-operations role.
Darren Jackson, 42, who has been CFO for seven years, will become executive VP of customer operations. The CFO of Best Buy's U.S. operations, Jim Muehlbauer, 45, will be his interim replacement as an executive-search firm conducts a replacement search.
According to a statement issued by Best Buy president and CEO Brian Dunn, the change is meant to “drive growth by better meeting the needs of the unique customer groups.”
As part of the management shift, Kal Patel, 43, formerly executive VP of strategy and international business, will take on Jackson's responsibility for portions of Best Buy's emerging business unit, which Jackson headed.
David Berg, 46, COO of Best Buy International, will become senior VP of international strategy and corporate development. Kevin Layden, 47, president and COO of Best Buy Canada, is replacing Berg as COO Best Buy International. Best Buy Canada senior VP Mike Pratt, 40, will take over Layden's role as president of the division.
Tim McGeehan, 40, executive VP of retail sales, will take over a new enterprise role overseeing Best Buy's wireless business. Shari Ballard, 41, will become executive VP of retail channel management, Best Buy said. Ballard will continue to oversee U.S. Web sites and customer care, but no longer oversee the human resources and legal teams.
The retailer also said it hired Rebecca Wanta as CIO for North America. Most recently, Wanta was the global chief technology officer for PepsiCo Inc.