Best Buy Co. Inc. has filled its vacant CFO slot.
On Wednesday, the company announced that longtime exec Matt Bilunas will be promoted to chief financial officer.
He’ll take the place of Corie Barry, who officially took the reins as CEO last month. (She took the top spot as former CEO Hubert Joly transitioned to executive chairman.)
Bilunas is no stranger to Best Buy. He first joined the Minneapolis-based electronics retailer in 2006, when he became director of territory finance in Los Angeles. Since then, he’s continued to climb through the ranks. Most recently, he’s been serving as senior VP of enterprise and merchandise finance.
Before joining Best Buy, Bilunas held various roles at Carlson Cos., NRG Energy Inc., Bandag Inc., and KPMG.
Barry says Bilunas has been a “played a very important role in creating and implementing our growth strategy.”
“After working closely with him for more than a decade, I trust him and am completely confident that his experience, skills and commitment to the company’s continued growth make him the perfect choice for this role,” Barry said.
In an interview on Best Buy’s blog, Bilunas says the company is “like my second family.”
“I’ve had the benefit of being in the field, working with the international team and doing enterprise financial planning and analysis during the turnaround effort,” he said, noting that it’s important to see “all sides of the business.”