BBY · Best Buy Co., Inc.

Best Buy's CFO Matt Bilunas will leave the company effective July 31, 2026, ending a 20-year tenure that included seven years as CFO. His departure marks a key leadership transition as the company prepares for incoming CEO Jason Bonfig, who takes over on November 1, 2026. Bilunas played a central role in navigating challenging environments and building financial strategy. The company has engaged an external search firm to find a successor with prior CFO experience, and current CEO Corie Barry, a former CFO, will provide financial oversight as needed. The separation benefits are standard under the company's ERISA plan, as previously disclosed. This change is material for investors as it removes a long-tenured financial leader during a period of strategic transformation and CEO succession.