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Best Buy CFO Sharon McCollam to step down after June AGM

Sharon McCollamBest Buy announced that Sharon McCollam, the company’s chief administrative and chief financial officer, will be stepping down on June 14, 2016.
Before joining Best Buy in December 2012, Ms. McCollam was previously executive vice president, chief operating and chief financial officer of Williams-Sonoma Inc., a specialty retailer of home furnishings, from July 2006 until her retirement in March 2012.

Ms. McCollam also held various executive leadership roles, including principal accounting officer, at Williams-Sonoma from March 2000 to July 2006.

Prior to her time at Williams-Sonoma, Ms. McCollam served as chief financial officer of Dole Fresh Vegetables Inc. from 1996 to 2000 and in various other finance-related leadership positions at Dole Food Company Inc., a producer and marketer of fresh fruit and vegetables, from 1993 until 1996.

Ms. McCollam serves as a member of the board of directors for Sutter Health, a nonprofit network of hospitals and doctors in Northern California (since January 2012), and, an online specialty art retailer (since July 2012).

She previously served as a member of the board of directors of OfficeMax Incorporated from July thru December 2012, Williams-Sonoma from 2010 until March 2012, and Del Monte Foods Company from 2007 until 2011.

Ms. McCollam is a graduate of the University of Central Oklahoma and is a Certified Public Accountant. She will remain with the company in an advisory capacity until the end of the fiscal year, January 28, 2017, to ensure a seamless transition.

Corie Barry, a 16-year veteran of Best Buy and its current chief strategic growth officer, will become the company’s chief financial officer at the conclusion of Best Buy’s annual shareholder meeting, being held on June 14.

Ms. Barry also has served as the interim leader for Best Buy’s Services organization since March. Ms. Barry joined Best Buy in 1999 and has held a variety of financial roles within the organization.

Most recently, she served as senior vice president of domestic finance, a role in which she was responsible for all financial support, including forecasting, short-, mid- and long-range planning, decision support and business development activities.

Prior to Best Buy, Ms. Barry worked at Deloitte & Touche. She holds bachelor’s degrees in accounting and management from the College of St. Benedict.

Asheesh Saksena is succeeding Ms. Barry as the chief strategic growth officer.

Mr. Saksena was most recently the executive vice president of strategy and new business development for Cox Communications.

Previously, he was the deputy chief strategy officer for Time Warner Cable. He joins Best Buy next month, reporting to Joly and serving on the executive team.

Shari Ballard, president of U.S. retail, takes on the real estate function and will have Best Buy’s business in Mexico reporting to her. In recognition of her additional duties and broad responsibilities, she has been promoted to senior executive vice president.

Ms. Ballard is a seasoned executive with deep retail experience. After graduating with a bachelor’s degree from the University of Michigan – Flint, she was hired in 1993 to work in a local Best Buy store, beginning as an assistant store manager and rising to general manager. After a variety of retail leadership roles, she was promoted to executive vice president of human resources and legal.

In 2007, Ms. Ballard assumed responsibility for Best Buy stores in the United States. She was promoted to president of Americas, U.S. and Mexico in 2010, and, two years later, she was appointed president of international, overseeing business and the transformation efforts in Canada, China, Europe, and Mexico.

In April 2014, Ms. Ballard assumed the role of president of U.S. retail and a few months later, began a dual role to include chief human resources officer, a position allowing her to leverage her broad experience, expertise and knowledge of the company and its employees.

Ms. Ballard serves on the Board of Directors of the Delhaize Group and the University of Minnesota Foundation.

Mike Mohan, Best Buy’s chief merchandising officer, will now have reporting to him the supply chain function. He, too, has been promoted to senior executive vice president in recognition of his expanded role and responsibilities.

Mr. Mohan joined Best Buy in February 2004 as vice president of the digital imaging business group, assuming additional responsibilities through his career, covering nearly all product/business categories at Best Buy, becoming an enterprise senior vice president in April 2008, and the president of the home business group in January 2013. He was appointed to chief merchandising officer in January 2014.

Before joining Best Buy, Mr. Mohan served as vice president and general merchandise manager for Good Guys, an audio/video specialty retailer with 79 stores in the western United States. He also served in various positions at Future Shop from 1988 through 1997. Mr. Mohan has served as member of the board of industry leaders for the Consumer Electronics Association since October 2013.

Trish Walker, president of services, will now have the company’s Enterprise Customer Care function reporting to her.

Ms. Walker joined Best Buy in April 2016 after two decades with Accenture where, most recently, she led their retail practice. Before joining Best Buy in April 2016, Ms. Walker spent 27 years at Accenture, most recently serving as senior managing director and North America retail practice lead.

Prior to leading the retail practice, she held numerous leadership positions in Accenture’s retail practice, including marketing, operations, SAP and change management.

She has worked with many leading retailers over the years, including Nordstrom, CVS, L.L. Bean, Macy’s and The Limited. She also led Accenture’s work on the Best Buy account for several years, during which she worked closely with Geek Squad.

Ms. Walker holds a bachelor’s degree in computer science from Boston College. She is a founding contributor of the Accenture Professorship at Boston College’s Carroll School of Management.




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