Form 8-K · Current Report · Filed 2026-06-22
Best Buy CFO Matt Bilunas to Depart on July 31
Best Buy Co., Inc. announced that Matt Bilunas, its Senior Executive Vice President and Chief Financial Officer, will depart the company effective July 31, 2026. Bilunas, who has been with the company for 20 years and served as CFO for the last seven, will receive separation benefits in accordance with the company's ERISA plan. The company is conducting an external search for a successor and expects to name a successor with previous CFO experience. Current CEO Corie Barry, who previously served as CFO, will provide financial oversight during the transition if needed.
- Filer
- Best Buy Co., Inc. BBY · NYSE
- Filed
- Accession
- 0000764478-26-000027
- CIK
- 0000764478
- Signal
- High impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$74.73
Next session
+0.6%
Since filing
+15.4%
Latest close
$86.26
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from BBY reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, BBY insiders reported 32 Form 4 transactions — net selling of $151.3M.
About Best Buy Co., Inc.
Best Buy Co., Inc. is a leading multinational retailer specializing in the sale of consumer electronics, technology products, and appliances. Its primary function is to provide a wide range of technology-related products and services, catering to personal, business, and education sectors. Best Buy operates through various channels, including retail stores, online platforms, and service centers, ensuring a comprehensive customer experience. The company offers an extensive product portfolio, including computers, mobile phones, home theaters, appliances, and smart home innovations, along with an array of after-sale services such as technical support, installation, and repairs. Best Buy is prominently positioned in the retail industry, recognized for its commitment to both customer service and technological integration. Founded in 1966 and headquartered in Richfield, Minnesota, the company has consistently adapted to new consumer trends and technological innovations, contributing significantly to the retail sector by embracing digital transformation and enhancing the value proposition for consumers worldwide. Its market significance is reinforced by its ability to navigate the evolving landscape of electronics retailing, making it an essential player in shaping consumer purchasing decisions related to technology.
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