Best Buy Looks Within for New CFO

Best Buy July 24 announced that Matt Bilunas, SVP of enterprise and merchandise finance, will be promoted to CFO effective July 29.

Previous CFO Corie Barry became the first female CEO of Best Buy in June in conjunction with Hubert Joly’s transition to executive chairman of the board.

A 13-year veteran of Best Buy, Bilunas has held both corporate and field roles along with domestic and international positions. Since 2017, he has been responsible for the company’s planning processes, including strategic planning, annual budgeting, monthly forecasting and capital planning.

Matt Bilunas

“Matt has been a key finance leader for a number of years and has played a very important role in creating and implementing our growth strategy,” Barry said in a statement. “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.”

Bilunas joined Best Buy in 2006 as a director of territory finance based in Los Angeles. He later served as a director of international finance, senior director of enterprise finance, VP of e-commerce and marketing finance and VP of merchandise, e-commerce, marketing and ee-commerce finance.

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Prior to Best Buy, Bilunas worked at Carlson Companies, NRG Energy, Bandag and KPMG. He holds a bachelor’s degree in accounting from Iowa State University.