Best Buy BBY, the leading multi-channel
retailer of technology products and services, today announced that Sharon
McCollam, the retired Director, Executive Vice President, Chief Operating and
Chief Financial Officer of Williams-Sonoma, Inc., will join the company as its
new Chief Administrative and Chief Financial Officer, effective December 10,
2012. McCollam, 50, left Williams-Sonoma earlier this year after serving as an
executive officer for more than 12 years.
As the Chief Administrative and Chief Financial Officer, McCollam will
influence and shape all aspects of Best Buy's operations and transformation
strategy. In addition to her proven financial leadership, McCollam also brings
broad retail and multi-channel operational expertise that will be highly
relevant to Best Buy's transformation. She assumes a number of
responsibilities including all aspects of global finance, strategic planning
and corporate development, shared services and oversight of Best Buy's real
estate portfolio.
As Chief Financial Officer, she succeeds James Muehlbauer, whose departure was
announced last month. Muehlbauer will leave the company at the end of this
fiscal year, allowing for a smooth transition.
Throughout her time at Williams-Sonoma, McCollam played an influential,
cross-functional role and was broadly recognized for her efforts in
transforming the company's financial and operating disciplines and ensuring
its strategic initiatives were in line with shareholder interests. During her
tenure, the company grew to be regarded by the financial markets as a role
model in execution, due largely to the consistent delivery of sustainable
operating improvements and strong financial results.
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