What changed in this filing

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Item 3. Legal Proceedings

2022-03-18 compared with 2021-03-19 · 75 added, 55 removed, 73 unchanged (64% of the section changed)

9 unchanged sentences

Chief Financial Officer

Chief Merchandising Officer

Deborah DiSanzo

1 unchanged sentence

Chief Communications and Public Affairs Officer

General Counsel and Chief Risk and Compliance Officer

Michael (Mike) Mohan

President and Chief Operating Officer

Damien Harmon

Executive Vice President, Omnichannel

General Counsel and Chief Risk Officer

Chief Supply Chain Officer

Allison Peterson

1 unchanged sentence

Kamy Scarlett

Chief Human Resources Officer

Executive Vice President, Human Resources & Best Buy Canada

Chief Digital and Technology Officer

Senior Vice President, Controller and Chief Accounting Officer

Barry was appointed our Chief Executive Officer in June 2019.

Senior Vice President, Finance - Controller and Chief Accounting Officer

Barry was appointed our Chief Executive Officer in 2019.

Prior to her current role, she served as chief financial officer and chief strategic transformation officer responsible for overseeing all aspects of strategic transformation and growth, digital and technology, global finance, investor relations, enterprise risk and compliance, integration management and Best Buy Health, which includes GreatCall.

7 unchanged sentences

Barry worked at Deloitte & Touche LLP.

She also serves on the board of directors for Domino’s Pizza Inc.

Barry serves on the board of directors for Domino’s Pizza Inc.

and the board of trustees for the College of St.

Matt Bilunas is our Chief Financial Officer, appointed in July 2019.

She also serves on the executive committee for the Business Roundtable, Business Council, Retail Industry Leaders Association and the Minnesota Business Partnership.

Matt Bilunas is our Chief Financial Officer (“CFO”), appointed in 2019.

In this role, he is responsible for overseeing all aspects of global finance and strategic planning, as well as audit, procurement and financial services.

3 unchanged sentences

Bilunas has been a key finance leader during Best Buy’s transformation.

Prior to becoming CFO, he was senior vice president of enterprise and merchandise finance since April 2017;

Prior to becoming CFO, he was senior vice president of enterprise and merchandise finance since 2017;

vice president, finance for category, e-commerce and marketing from 2015 to 2017;

2 unchanged sentences

Before Best Buy, he worked at Carlson Inc., NRG Energy Inc., Bandag Inc.

Deborah DiSanzo joined Best Buy as our President, Best Buy Health in August 2020.

Bilunas serves on the board of directors for the Children’s Hospital of Minnesota.

Jason Bonfig was appointed our Chief Merchandising Officer in 2019.

In this role he oversees all elements of merchandising and product category management for Best Buy’s core U.S.

business, including demand planning, buying, pricing and promotional planning.

He also leads the company’s Exclusive Brands private-label team.

Prior to his current role, Mr.

Bonfig served in the positions of chief category officer – computing, mobile, gaming, Exclusive Brands, printing, wearables and accessories from 2018 to 2019;

and senior vice president – computing, mobile, tablets, wearables, printing and accessories from 2014 to 2018.

Bonfig has held other merchant-related roles since joining the company in 1999.

He serves on the board of directors for the Best Buy Foundation.

Deborah DiSanzo joined Best Buy as our President, Best Buy Health in 2020.

In this role she is responsible for the company’s health strategy, with a particular focus on bringing health technology into the home to help people live better, safer and more independent lives.

Her oversight of Best Buy Health includes GreatCall, a leading provider of connected health and personal emergency response services to the aging population, which Best Buy acquired in 2018.

Her oversight of Best Buy Health includes providing digital health solutions in active aging, virtual care and consumer health.

She also leads the incubation, strategy and corporate development teams focused on scaling health initiatives at Best Buy.

2 unchanged sentences

Chan School of Public Health from 2018 to 2020.

Prior to that, she led the IBM Watson Health team from 2015 to 2018, launching artificial intelligence offerings designed to help doctors, researchers, health care providers, pharmacists and insurers better serve patients around the world.

DiSanzo was CEO of Philips Healthcare from 2001 to 2014, where she and her team brought consumer-grade, automatic defibrillators to the market, making them first available in public places then, ultimately, in the homes of Americans across the country.

DiSanzo continues to teach at the Harvard T.H.

Chan School of Public Health and serves on the boards of AstraZeneca, Novanta Inc.

and Project Hope.

Prior to that, she led the IBM Watson Health team from 2015 to 2018, launching artificial intelligence offerings designed to help doctors, researchers, healthcare providers, pharmacists and insurers better serve patients around the world.

DiSanzo was the chief executive officer of Philips Healthcare from 2001 to 2014, where she and her team brought consumer-grade, automatic defibrillators to the market, making them first available in public places then, ultimately, in the homes of Americans across the country.

DiSanzo has an appointment at the Harvard T.H.

Chan School of Public Health, where she teaches artificial intelligence in health, and serves as a director on the board of AstraZeneca.

Matt Furman has served as our Chief Communications and Public Affairs Officer since 2012.

3 unchanged sentences

He previously held senior communications positions at Google, CNN and in the administrations of New York City Mayor Rudy Giuliani and President Bill Clinton.

He is a member of the board of directors for Dunwoody College of Technology and YMCA of the USA.

He is a member of the board of directors for the Best Buy Foundation, Dunwoody College of Technology, YMCA of the USA and Fair Vote Minnesota.

He is also on the adjunct faculty of the University of Minnesota’s School of Journalism and Mass Communication.

Hartman was appointed General Counsel in April 2019 and has also served as Chief Risk and Compliance Officer since 2017.

In this role, he is responsible for the company’s legal activities and its global risk and compliance program.

Damien Harmon has served as our Executive Vice President, Omnichannel since 2021 and is responsible for establishing a dedicated operations plan that enhances the company’s ability to create seamless experiences for our customers.

He oversees all of Best Buy’s various service offerings in stores, online and in customers’ homes.

In his role, Mr.

Harmon leads the Geek Squad, a national tech-support organization with more than 20,000 agents dedicated to helping customers learn about and enjoy their technology.

Harmon previously served as president, operations from 2020 to 2021 and senior vice president of workforce design from 2019 to 2020.

Harmon first joined Best Buy as a general manager in 2005 and held various leadership positions in store operations, international operations and store leadership, including vice president of retail operations and services.

Before rejoining Best Buy in 2019, Mr.

Harmon spent four years at Bridgestone Americas Inc., where he served as president of GCR Tires from 2017 to 2018 and chief operating officer at Bridgestone Tires from 2016 to 2017.

Harmon serves on the board of directors for the Best Buy Foundation and Petlove Foundation.

Hartman was appointed General Counsel in 2019 and has also served as Chief Risk Officer since 2017.

In this role, he is responsible for the company’s legal activities and its global risk program.

He also serves as corporate secretary.

Hartman joined Best Buy in 2006.

He most recently served as chief risk and compliance officer, overseeing enterprise data security, customer data privacy, enterprise risk management, global security, business continuity/disaster recovery, internal investigations, crisis response management and compliance and ethics.

He continues to lead those functions in his current role.

He continues to lead the risk functions in his current role.

Hartman previously was Best Buy’s deputy general counsel from 2011 to 2017.

2 unchanged sentences

Hartman was a partner at Minneapolis law firm Robins Kaplan.

He serves as chair of the Best Buy Foundation and on the board of the Guthrie Theater.

Michael (Mike) Mohan is our President and Chief Operating Officer, appointed in June 2019.

His responsibilities include oversight over all customer channels for Best Buy’s domestic business including retail, ecommerce and customer experience, services, home, and Best Buy Direct.

In addition, he leads category management, merchandising, marketing, supply chain and real estate for Best Buy’s core U.S.

Prior to his current role, he served as chief operating officer, Best Buy U.S.

from 2018 to 2019;

senior executive vice president and chief merchandising and marketing officer from 2017 to 2018;

chief merchandising officer from 2014 to 2017;

and president, home from 2013 to 2014.

His other roles within the company include various leadership positions within merchandising.

Prior to joining Best Buy in 2004 as vice president, digital imaging, Mr.

Mohan was vice president and general merchandising manager for Good Guys, an audio/video specialty retailer in the western U.S.

Mohan also previously worked at Future Shop in Canada from 1988 to 1997, prior to our acquisition of the company, where he served in various merchandising roles.

Mohan serves on the board of directors for Bloomin’ Brands, a hospitality industry company that owns several American casual dining restaurant chains, and as a national trustee for the Boys & Girls Clubs of America.

Allison Peterson is our Chief Customer Officer, appointed in May 2020.

He serves as chair of the Best Buy Foundation and on the board of directors for the Guthrie Theater .

Mark Irvin was appointed our Chief Supply Chain Officer in 2022 and oversees the strategy and day-to-day operations of Best Buy’s global supply chain that supports our stores and Best Buy’s online customers.

He previously served as our chief inclusion, diversity and talent officer from 2020 until his current appointment.

In this role, he was responsible for the company’s strategy for creating and sustaining an inclusive work environment for all employees worldwide.

He also oversaw all programs aimed at attracting, retaining and growing diverse talent and perspectives.

Irvin joined the company in 2013 as senior vice president, distribution.

Prior to Best Buy, Mr.

Irvin worked for Target Corp.

in various supply chain leadership roles from 2003 to 2013.

He has also held leadership roles at Cummins Inc., Corporate Express Delivery Systems and Baxter Healthcare.

Irvin serves on the board of directors for the Best Buy Foundation and is a member of the board of directors for Black Men Teach and The Alan Page Foundation.

Allison Peterson is our Chief Customer Officer, appointed in 2020.

She is responsible for the holistic enterprise and customer strategy, including the development of innovative business initiatives, value propositions and experiences that create meaningful differentiation and brand love.

Peterson leads the company’s broader enterprise strategy, planning and corporate development and membership offerings.

Peterson leads the company’s broader enterprise strategy, planning and corporate development, marketing and membership offerings.

Prior to her current role, she served as the company’s chief marketing officer from 2019 to 2020 and was president of e-commerce from 2017 to 2019.

4 unchanged sentences

in merchandising and demand planning.

Peterson serves on the executive committee of the board of directors for the Children’s Theatre Company of Minneapolis.

Kamy Scarlett was appointed our Chief Human Resources Officer in June 2017.

In this role, she oversees talent development and the health and well-being of the more than 100,000 Best Buy employees worldwide.

Peterson serves on the board of directors for PVH Corp.

Kamy Scarlett was appointed our Executive Vice President, Human Resources in 2017, and also assumed responsibility for Best Buy Canada in 2021.

In this role, she oversees talent development and the health and well-being of approximately 105,000 employees worldwide.

She also served as our president, U.S.

Retail Stores from January 2019 until January 2020, and was responsible for the execution and operation of all domestic Best Buy store locations.

Scarlett joined Best Buy in 2014 as senior vice president of retail and chief human resources officer for Best Buy Canada, serving in that role until May 2017.

retail stores from 2019 to 2020, and was responsible for the execution and operation of all domestic Best Buy store locations.

Scarlett joined Best Buy in 2014 as senior vice president of retail and chief human resources officer for Best Buy Canada, serving in that role until 2017.

She was responsible for sales and profits in more than 180 stores in addition to enacting the human resources and talent management strategies for the company.

4 unchanged sentences

and Dylex Inc.

Scarlett serves on the boards of directors of Floor & Decor, a specialty retailer, and the Greater MSP.

Brian Tilzer has served as our Chief Digital and Technology Officer since he joined the company in May 2018.

In this role, he is responsible for all aspects of information technology and digital at Best Buy to create a seamless and superior multi-channel customer experience in support of the company’s strategy.

He also leads the company’s enterprise data and analytics capability.

With more than 25 years of experience in strategic business development, operations and information technology, Mr.

Tilzer has deep expertise in understanding, defining and delivering the technology necessary to provide a superior customer experience in a multi-channel environment.

Prior to joining Best Buy, he served as chief digital officer from 2013 to 2018 at CVS Health.

He also has served as senior vice president of e-commerce for Staples and senior vice president of strategy and business development for Linens ’n Things.

Before that, he held leadership roles with Accenture, including helping Best Buy with several growth and performance-improvement programs.

Tilzer serves on the board of directors for Signet Jewelers, the largest retail jewelry chain in the U.S., Canada and United Kingdom.

Watson was appointed our Senior Vice President, Controller and Chief Accounting Officer in October 2017.

He previously served as our vice president, controller and chief accounting officer from April 2015 until his current role.

Scarlett serves on the board of directors for Floor & Decor, a specialty retailer of hard-surface flooring.

Brian Tilzer has served as our Chief Digital and Technology Officer since he joined the company in 2018.

In this role, he is responsible for Best Buy’s digital transformation strategy leveraging technology, artificial intelligence and analytics to support its enterprise strategy.

He also leads Best Buy’s technology and analytics teams that partner across Best Buy to shape and deliver technology solutions and analytical services for the enterprise.

Tilzer spearheads the company’s enterprise-wide effort to adopt agile ways of working to accelerate customer-driven innovation, an effort for which Best Buy was named one of Fast Company’s Top Workplaces for Innovators in 2021.

With nearly 30 years of experience delivering growth and innovation at the intersection of retail, technology and analytics, Mr.

Tilzer has deep expertise in understanding, defining and delivering the technology necessary to provide a superior customer experience in a multichannel environment.

Prior to joining Best Buy in 2018, he served as chief digital officer from 2013 to 2018 at CVS Health, creating a digital transformation program that was broadly recognized for its innovation and impact.

He also served as senior vice president of e-commerce for Staples, then the second largest online retailer.

Prior to that, Mr.

Tilzer held leadership roles at Linens ’n Things and Accenture, where he provided technology and business transformation services to a variety of retail and consumer businesses.

Tilzer serves on the board of directors for Signet Jewelers, the largest retail jewelry chain in North America and the United Kingdom, as well as on the executive committee of the board of directors for the Minnesota Orchestra.

Watson was appointed our Senior Vice President, Finance - Controller and Chief Accounting Officer in 2017.

He previously served as our vice president, controller and chief accounting officer from 2015 until his current role.

Watson is responsible for our controllership, financial operations and external reporting functions.

4 unchanged sentences

Watson worked at KPMG, a professional audit, advisory and tax firm, from 1995 to 2005.

He serves on the boards of directors of AchieveMpls and the Best Buy Foundation.

He serves on the boards of directors for AchieveMpls and the Best Buy Foundation.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 3. Legal Proceedings