Best Buy CFO to leave, retailer looks for new one - KTTC Rochester, Austin, Mason City News, Weather and Sports

Best Buy CFO to leave, retailer looks for new one

Posted:

MINNEAPOLIS (AP) -- Best Buy says its chief financial officer is leaving, the latest executive departure for the struggling electronics chain.

The news comes as Best Buy's founder and former chairman Richard Schulze mulls an offer for the company, which is attempting to improve results amid tough competition.

Best Buy says it is seeking a new chief financial officer to replace James Muehlbauer. Muehlbauer, who joined Best Buy in 2002, became interim CFO in 2007 and was named to the post permanently the next year.

He will continue to advise the company until the end of the 2013 fiscal year.

Minneapolis-based Best Buy named a new CEO, turnaround expert Hubert Joly, in late August after former CEO Brian Dunn left in April.

Powered by WorldNow
All content © Copyright 2001 - 2014 WorldNow and KTTC, a Quincy station.
All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Jodi Neyens at (507) 280-5104. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.