Report: Best Buy Replaces VC Liason
Best Buy has let go its executive in charge of working with the venture capital community, with most of his responsibilities going to a pair of senior vice presidents. According to the Minneapolis-St. Paul news Web site MinnPost.com that executive, Martin Nyman, had his position eliminated in June.
The site reported that senior vice president for emerging business Rick Rommel, who reported to executive vice president for emerging business EVP-emerging business Kal Patel, now oversees all venture capital activities.
Best Buy was reported, in March, to be forming its own venture capital fund, but according to MinnPost no one has yet been hired in relation to that initiative.