Best Buy to Hire New CFO



By Joan E. Solsman And Ann Zimmerman, Wall Street Journal

“Sharon McCollam, the former Williams-Sonoma Inc. chief financial officer who retired abruptly in March, is coming out of retirement to be finance chief at Best Buy Co. at the end of the year, according to a person close to the company.

She comes to the world’s biggest consumer-electronics retailer in the midst of a wide organizational restructuring under new Chief Executive Hubert Joly. The company’s sales have long been in decline, as it struggles to reconcile its big-box model with a market that is gravitating toward e-commerce.”

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