Best Buy's president of U.S. retail stores, Shawn Score, retired. He will be succeeded by Best Buy's chief human resources officer.
A compensation consultant to Best Buy Co.'s board quit after the electronics chain awarded more than 100 managers retention bonuses without tying them to performance, said three people with knowledge of the matter.
Don Delves, who worked with Best Buy's compensation committee for seven years as an independent consultant, was opposed to the payments, said the people, who asked not to be identified because the situation is private. Delves, president of the Chicago-based Delves Group, a corporate governance and an executive pay advisory firm, confirmed in a telephone interview that he resigned
Coming off disappointing holiday sales, Best Buy announced on Tuesday a management shakeup that separates its two co-presidents of the Americas.
Shari Ballard, 45, has been appointed president of Best Buy International, effective immediately, while Michael Vitelli, 56, will become president of Best Buy U.S.
Both have jointly held the role as head of the Americas, overseeing the U.S., Canada and Mexico, since March 2010.
Best Buy CEO Brian Dunn said the move is intended to "make the most of the profitability opportunities" seen both domestically and internationally.
Best Buy Monday announced some leadership changes, splitting its two-person U.S. leadership team of Mike Vitelli and Shari Ballard. Ballard has been named president of Best Buy International, with Vitelli taking on the sole title of President of Best Buy U.S. Both will retain their executive vice president titles.
Best Buy announced Thursday that Julie Owen has been promoted to lead the company’s entertainment business operating group, under the title senior vice president. She will report to executive vice president Shari Ballard. Ballard was herself been promoted in June to replace Gary Arnold; Owen will now assume some of Arnold’s other former duties. Arnold now holds the title senior entertainment officer. The company also said that Ben Moore has been promoted to senior vice president, retail support and operations, from his previous position of vice president of properties. Moore will report to Tim Sheehan, the company’s senior vice president of customer experience