Best Buy announced Monday that its chief financial officer, Matt Bilunas, will be departing the role at the end of next month, with his last day set for July 31.
Bilunas first came aboard at Best Buy back in 2006 and was elevated to the top financial position in 2019, serving in that capacity for several years.
The leadership shake-up follows another recent change at the top of the company. Best Buy tapped Jason Bonfig to serve as its new CEO back in April, taking over from longtime executive Corie Barry.
The electronics retailer, which runs more than 1,000 store locations throughout North America, has been pushing to reignite its growth by leaning into online sales, expanded services, and advertising opportunities as rivalry in the retail space heats up.
Following the announcement, Best Buy’s stock slid roughly 3% during after-hours trading.
