June 22 (Reuters) – Electronics retailer Best Buy said on Monday its chief financial officer Matt Bilunas will step down from the post, effective July 31.
• Bilunas joined the company in 2006 and became CFO in 2019.
• The company named Jason Bonfig as CEO in April, replacing longtime executive Corie Barry,
• Best Buy, which operates more than 1,000 stores across North America, has been working to revive growth by expanding online sales, services and advertising as competition intensifies across the sector.
• Shares of the company were down 3% in the extended trading.
(Reporting by Juveria Tabassum and Apratim Sarkar in Bengaluru; Editing by Vijay Kishore and Sahal Muhammed)