What changed in this filing

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Item 3. Legal Proceedings

2023-03-17 compared with 2022-03-18 · 24 added, 79 removed, 69 unchanged (60% of the section changed)

10 unchanged sentences

Chief Merchandising Officer

Deborah DiSanzo

President, Best Buy Health

Chief Communications and Public Affairs Officer

Damien Harmon

1 unchanged sentence

General Counsel and Chief Risk Officer

Chief Supply Chain Officer

Allison Peterson

Chief Customer Officer

Kamy Scarlett

Executive Vice President, Human Resources & Best Buy Canada

Chief Digital and Technology Officer

Senior Vice President, Finance - Controller and Chief Accounting Officer

Executive Vice President, Human Resources and Best Buy Canada

Senior Vice President, 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.

Barry joined Best Buy in 1999 and has held a variety of financial and operational roles within the organization, both in the field and at corporate.

Her prior roles include:

the company’s chief strategic growth officer and the interim leader of Best Buy’s services organization from 2015 to 2016;

the company’s chief strategic growth officer and the interim leader of Best Buy’s services organization from 2015 until 2016;

senior vice president of domestic finance from 2013 to 2015;

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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.

Matt Bilunas is our Chief Financial Officer, 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.

Since joining Best Buy in 2006, Mr.

Bilunas has served in a variety of financial leadership roles, both in the field and at the corporate campus.

Bilunas has served in a variety of financial leadership roles, both in the field and at corporate.

He started as a territory finance director in Los Angeles and has worked in the company’s domestic and international businesses.

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 2017;

Prior to his current role, 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;

and vice president, category finance from 2014 to 2015.

and vice president, category finance from 2014 until 2015.

He also has held finance roles in retail, e-commerce and marketing.

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

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

Bilunas serves on the boards of the Children’s Hospital of Minnesota and Genesco Inc., a retailer of branded footwear and accessories.

Jason Bonfig was appointed our Chief Merchandising Officer in 2019.

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

Bonfig has served in merchant roles for the company for over 20 years.

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 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.

Prior to Best Buy, Ms.

DiSanzo served as an instructor at the Harvard T.H.

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, 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.

In this role, he oversees internal and external communications, government affairs, corporate responsibility and sustainability, community relations, as well as the company’s in-house production studio and event planning functions.

Prior to joining Best Buy in 2012, Mr.

Furman was the vice president of corporate affairs at Mars Chocolate, the manufacturer of such iconic brands as Snickers, M&M’s and Dove.

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 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.

Bonfig served in the positions of chief category officer – computing, mobile, gaming, health and wellness, accessories and exclusive brands from 2018 to 2019;

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

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

He serves on the board of the Best Buy Foundation.

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.

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

In his role, Mr.

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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.

Harmon serves on the boards of the Petlove Foundation and the Best Buy Foundation.

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

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Hartman was a partner at Minneapolis law firm Robins Kaplan.

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, 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.

Since joining Best Buy in 2004, Ms.

Peterson has held several leadership roles within marketing and e-commerce, including from 2015 to 2017 as vice president of category marketing and vice president of brand strategy from 2014 to 2015.

In these roles she has been integral in defining the marketing strategy for the company and leading the shift from traditional to digital marketing.

Prior to joining Best Buy, she worked for Target Corp.

in merchandising and demand planning.

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.

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

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

In this role, she oversees talent development and the health and well-being of the more than 90,000 Best Buy employees worldwide.

She also served as our president, U.S.

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

retail stores from 2019 until 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.

5 unchanged sentences

and Dylex Inc.

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.

Scarlett previously served on the board of directors of Floor & Decor, a specialty retailer of hard surface flooring.

Watson was appointed our Senior Vice President, 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.

4 unchanged sentences

Prior to joining us in 2005, Mr.

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

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

Watson worked at KPMG from 1995 to 2005.

He serves on the boards of directors of Achieve Twin Cities 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