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- Departure of CFO (new) — The CFO is leaving after seven years in the role, triggering a leadership transition during a CEO change period.
Best Buy CFO Matt Bilunas to depart July 31; external search underway for successor
Filed June 22, 2026 · Period ending June 19, 2026 · ~1 min read
Key Changes
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CFO Matt Bilunas will leave Best Buy on July 31 after seven years in the role and 20 years with the company, triggering a leadership transition as the company prepares for a CEO change in November.
Exhibit 99.1 view on EDGAR → -
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Best Buy is conducting an external search for a new CFO with prior CFO experience rather than promoting internally; current CEO Corie Barry will provide financial oversight during the transition if needed.
Exhibit 99.1 view on EDGAR → -
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Bilunas held broad responsibilities beyond traditional finance, including enterprise strategy, procurement, financial services, real estate, and omnichannel operations.
Exhibit 99.1 view on EDGAR → -
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Incoming CEO Jason Bonfig, who takes over November 1, outlined four strategic priorities: advancing Best Buy as a retail, media, advertising and technology company; expanding reach; elevating customer experience; and maintaining human-centered operations.
Exhibit 99.1 view on EDGAR →
Summary
Best Buy announced that CFO Matt Bilunas will depart on July 31 after seven years as CFO and 20 years with the company. The timing is notable: Bilunas is leaving just months before incoming CEO Jason Bonfig officially takes over on November 1, 2026, creating a dual leadership transition at the executive level.
The company is conducting an external search specifically for a candidate with prior CFO experience, signaling a preference for seasoned external talent rather than internal promotion. Current CEO Corie Barry, who previously served as CFO, will provide financial oversight during the interim if needed.
The departure removes a finance leader with unusually broad responsibilities beyond traditional CFO duties, including enterprise strategy, procurement, financial services, real estate, and omnichannel operations. Bilunas worked closely with both Barry and Bonfig through challenging business environments over the past seven years. For a $41.7 billion revenue retailer with over 1,000 stores and 80,000 employees, losing institutional knowledge at the CFO level during a CEO transition creates execution risk. Investors should watch for the successor announcement and any signals about continuity in the company's strategic direction under the new leadership team.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Matt Bilunas will step down as Chief Financial Officer and depart the company at the end of July.
Matt Bilunas, who served as CFO for seven years and has been with Best Buy for 20 years, will leave the company on July 31, 2026. The departure occurs as the company prepares for a CEO transition, with Jason Bonfig set to become CEO on November 1, 2026. Current CEO Corie Barry, who previously served as CFO, will provide financial oversight during the transition if needed.
Added in current filing · view on EDGAR →
Best Buy has engaged an external search firm for its next chief financial officer 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.
The company is conducting an external search for a new CFO and specifically seeks a candidate with prior CFO experience. This indicates a preference for an experienced external hire rather than an internal promotion. Interim financial oversight will be provided by CEO Corie Barry if necessary during the transition period.
Added in current filing · view on EDGAR →
Bilunas served as CFO for the last seven years, working hand in hand with Barry and Bonfig to navigate a range of challenging environments to help generate the momentum driving Best Buy and its business today. ... Most recently, Bilunas was responsible for finance, enterprise strategy, procurement, financial services, real estate and omnichannel operations.
Bilunas held broad responsibilities beyond traditional finance functions, including enterprise strategy, procurement, financial services, real estate, and omnichannel operations. His departure removes a leader who worked closely with both the current and incoming CEOs through challenging business environments over the past seven years.
Show 1 minor / wording change
Added in current filing · view on EDGAR →
We generated $41.7 billion of revenue in fiscal 2026, operate more than 1,000 retail stores in North America, and have more than 80,000 employees.
Best Buy reported $41.7 billion in revenue for fiscal 2026, operates over 1,000 stores in North America, and employs more than 80,000 people. This context frames the scale of operations the new CFO will oversee.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 22, 2026 · How we verify