Best Buy announced that Matt Bilunas will step down as Chief Financial Officer and depart the company at the end of July. Bilunas has been with Best Buy for 20 years, including seven years as CFO.
The company has engaged an external search firm to identify its next chief financial officer and expects to name a successor with previous CFO experience.
Best Buy said current CEO Corie Barry, who previously served as CFO, will provide financial oversight during the transition if needed.
Bilunas joined Best Buy in July 2006 as a Territory Finance Director. During his tenure, he held several finance roles across the company, including Senior Vice President of Enterprise Finance, before becoming CFO in 2019.
Most recently, Bilunas was responsible for finance, enterprise strategy, procurement, financial services, real estate, and omnichannel operations.
The CFO transition comes as Jason Bonfig prepares to become Best Buy’s sixth CEO on November 1, 2026.
Bonfig recently outlined four priorities for the company’s growth strategy: advancing Best Buy as a retail, media and advertising, and technology company; expanding its reach; elevating the Best Buy experience; and remaining a human-powered, customer-focused company.
Best Buy generated $41.7 billion of revenue in fiscal 2026, operates more than 1,000 retail stores in North America, and has more than 80,000 employees.
KEY QUOTES:
“I am truly honored to have been part of this great company and grateful to those who have made a lasting impact on my life and career. I am proud of what we have accomplished together, and even more proud of the people and teams I have had the privilege to work alongside. Best Buy is well positioned for the future, and I have tremendous confidence in Jason and the next generation of leaders who will continue to build on the momentum we’ve created.”
Matt Bilunas, Chief Financial Officer of Best Buy
“We wouldn’t be where we are today, or have such confidence in the future ahead of us, without Matt. 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.”
Jason Bonfig, Incoming CEO of Best Buy
“The past seven 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. 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.”
Corie Barry, CEO of Best Buy
