Key facts
- Anne Bramman has been appointed as Best Buy's new Chief Financial Officer.
- Bramman's appointment is effective August 19.
- She succeeds Matt Bilunas, who announced his departure in June.
- Bramman has over 30 years of finance experience, most recently as CFO of Circana.
- Jason Bonfig will become the new CEO on November 1, succeeding Corie Barry.
- Several other executive leadership changes were announced, effective immediately.
Best Buy Co., Inc. has announced the appointment of Anne Bramman as its new executive vice president and chief financial officer, effective August 19. Bramman succeeds Matt Bilunas, whose departure as CFO was announced in June. She brings over 30 years of finance leadership experience, having most recently served as chief financial and growth officer at Circana, a consumer analytics firm. Prior to Circana, Bramman held CFO roles at Nordstrom, Avery Dennison, and Carnival Cruise Line, and senior finance positions at L Brands. She also currently serves on the boards of Morningstar and McCormick & Company.
Bramman will lead Best Buy's global finance organization and support the company's strategic priorities alongside incoming Chief Executive Officer Jason Bonfig. Bonfig is set to succeed current CEO Corie Barry on November 1. Bonfig expressed confidence in Bramman's ability to drive shareholder value and accelerate growth, citing her extensive experience in finance, operations, and digital transformation.
In conjunction with the CEO transition, Best Buy also announced several other immediate leadership changes to its executive team. Frank Bedo has been named chief strategy and growth officer, Patrick McGinnis is the new chief revenue officer, Luke Motschenbacher is chief retail and services officer, Lisa Valentino is chief ads and media officer, and Duane Scarboro is chief fulfillment and operations officer. These leaders will report to Bonfig and are tasked with accelerating the company's four strategic priorities: advancing as a retail, media & advertising and technology company; expanding reach; elevating customer experience; and being a human-powered, customer-focused company.
Best Buy, a specialty consumer electronics retailer with over 1,000 stores in North America and revenues exceeding $41.6 billion in fiscal 2026, has been focusing on reviving growth through online sales, services, and advertising amidst intensifying competition. The company recently reported financial results that beat analyst expectations, driven by demand for AI-powered smartphones and gaming consoles, and projected second-quarter sales above Wall Street estimates.