26 July 2007 — Minneapolis (MN): Best Buy has promoted Mike Norona to president of financial services.
In his newly created and extended role, he will have responsibility for overseeing domestic and international programmes and guiding the company’s financial services strategy.
Darren Jackson, EVP and CFO, said: "Mike has consistently demonstrated the ability to create value for our company and stakeholders by collaborating with people across the company, leveraging partnership alliances and unleashing the talents of his people.
"To meet the growing needs of our customers, end-to-end, we see a great opportunity to transform financial services from a capability to a customer-focused, emerging business. I have full confidence that Mike’s leadership in building and managing the innovative financial services programmes that will be a part of this will truly help deepen our customer relationships and meet our strategic growth goals."