20 April 2007 — Shanghai (CHN): Best Buy has named Redmond Yeung president and COO of Best Buy Asia.
In the newly created position, Yeung will be responsible for overseeing all of Best Buy’s operations in Asia, including Best Buy China, Jiangsu Five Star Appliance (Five Star) and the company’s global sourcing office in China.
Yeung will report to Robert Willett, CEOof Best Buy International, the business unit of Best Buy dedicated to developing growth and innovation opportunities outside of the US.
Willett said: "Redmond Yeung is an exceptional leader with the vision, global experience and deep retail knowledge to help us create great experiences and relationships with our customers in China.
"He has achieved an extraordinary track record of success in growing and delivering superior operating results in highly competitive markets while always focused on serving the needs of customers. I am confident that Redmond, in partnership with the talented leadership team already in place in China, will help us achieve our goals in perhaps the most exciting retail market in the world today."