McCollum will be back at the end of this year as Best Buy chief financial officer

Source: Internet
Author: User
Keywords Best Buy Appointment McCollum
Tags company financial financial officer officer

Absrtact: According to the Wall Street Journal, according to people familiar with the matter, Williams-sonoma, the former chief financial officer Sharen McCollem, who suddenly announced his retirement in March this year, will be back at the end of this year as Best Buy chief financial officer.

According to the Wall Street Journal, the former chief financial Officer Sharen Mccollem (Sharon McCollam), the US furniture retail company Williams-sonoma, who abruptly announced his retirement this March, will be back at the end of this year as Best Buy chief financial officer, a person familiar with the matter said.

At present, Best Buy under the new CEO Hugh Burt Chorley (Hubert Joly) under the leadership of a wide range of institutional reorganization. The company's sales have been falling as business models have been affected by the trend towards E-commerce in the market.

Before the recession, Williams-sonoma was overextended, and it was under the leadership of Earlham that the company succeeded in shrinking its size. She also has a wealth of experience in online retailing, with Williams-sonoma in the last fiscal year accounting for up to 38% of total revenue.

Last month, Best Buy said the chief financial officer, Jim Millbauer Jim Muehlbauer, would leave the company by the end of the fiscal year, and the company was looking for a replacement.

This is one of the major management changes that best buys has recently implemented. The company also warned earlier that profits in the third quarter would be significantly lower than the same period last year.

The jolly will weigh best buy into three divisions, and will cut several top jobs, including the president of the US business currently held by Michael Vitry Michael Vitelli.

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