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Dunn Becomes President and COO of Best Buy

16 Jan, 2006 By: Holly J. Wagner

Best Buy has promoted Brian J. Dunn, 45, to president and COO in a top-level shuffle that takes effect Feb. 26, as the company enters its new fiscal year.

As Best Buy's president of retail for North America since December 2004, Dunn was responsible for leadership of more than 800 stores in the United States and Canada as well as several corporate groups that directly support the stores.

In his new role, Dunn, a 20-year Best Buy veteran, will retain responsibility for all U.S. stores and assume additional responsibilities for merchandising, customer centricity, services and small business functions. The position had been vacant since vice chairman Allen U. Lenzmeier relinquished the role in December 2004.

Dunn moved into his current position at that time after having served as SVP of the company's East Coast division and later EVP of U.S. retail.

Robert A. Willett, 58, will step into a newly created position as CEO of Best Buy International, moving up from the position of EVP of operations held since he joined the company in 2004. Willett had been an independent consultant to the company for five years, and previously, as global managing partner for the retail practice at Accenture, he served as a consultant on Best Buy's "process to profits" initiative in the late 1990s. Willett will retain responsibility of leading supply chain and information technology functions and assume the responsibility of executing the Best Buy's long-term growth from international operations and expansion strategy.

Lenzmeier, 62, will continue as vice chairman on a part-time basis instead of retiring at the end of February as previously announced.

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