Minneapolis — Best Buy Co., Inc. has announced that Matt Bilunas will step down as chief financial officer and depart the company at the end of July. A search is underway for its next CFO, who will partner with incoming CEO Jason Bonfig. Bonfig will become the company’s sixth CEO when he officially takes over the role on Nov. 1, 2026. Current CEO Corie Barry, who previously served as CFO, will provide financial oversight during the transition if needed.
Bilunas served as CFO for the last 7 years. “We wouldn’t be where we are today, or have such confidence in the future ahead of us, without Matt,” says Bonfig. “He helped build Best Buy in invaluable ways, and I’m genuinely grateful for everything he has contributed and everything I’ve learned from him over the years.”
“The past 7 years have been exciting, challenging, unpredictable and meaningful, and I truly believe we wouldn’t have navigated them as well as we did if it weren’t for Matt,” says Barry. “His impact on this company will last for years to come — not only because of his financial leadership, but because of the way he has developed talent and helped shape our strategy. His impact on me personally will last a lifetime.”
Bilunas joined Best Buy in July 2006 as a territory finance director. During his tenure, he held numerous finance roles across the company, including senior vice president of enterprise finance, before assuming the CFO role in 2019. Most recently, Bilunas was responsible for finance, enterprise strategy, procurement, financial services, real estate and omnichannel operations.
Best Buy is the world’s largest specialty consumer electronics retailer. The company operates more than 1,000 retail stores in North America. For more information, visit www.corporate.bestbuy.com.
SOURCE: Best Buy