Best Buy CFO Matt Bilunas Resigns, New CEO Appointed
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2026
0mins
Source: NASDAQ.COM
- Executive Change: Best Buy announced that CFO Matt Bilunas will resign at the end of July, concluding a 20-year tenure with the company, including seven years as CFO, indicating a significant shift in the executive team.
- New CEO Appointment: Jason Bonfig will officially take over as CEO on November 1, becoming the sixth CEO of the company, which highlights a strategic restructuring in leadership.
- Successor Search: Best Buy has engaged an external search firm to identify a successor for Bilunas, expecting to appoint a candidate with prior CFO experience to ensure continuity and stability in financial management.
- Stock Price Fluctuation: Best Buy closed up 1.71% at $76.01 on the NYSE, but traded down 3.20% to $73.58 in after-hours trading, reflecting market caution regarding the executive changes.
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Analyst Views on BBY
Wall Street analysts forecast BBY stock price to rise
12 Analyst Rating
4 Buy
7 Hold
1 Sell
Hold
Current: 78.000
Low
60.00
Averages
79.75
High
96.00
Current: 78.000
Low
60.00
Averages
79.75
High
96.00
About BBY
Best Buy Co., Inc. is a specialty consumer electronics retailer. The Company's segments include Domestic and International. The Domestic segment comprises operations in all states, districts and territories of the United States and Best Buy Health business, and includes the brand names Best Buy, Best Buy Ads, Best Buy Business, Best Buy Essentials, Best Buy Health, Best Buy Marketplace, Geek Squad, Imagine That, Insignia, Lively, Jitterbug, My Best Buy, My Best Buy Memberships, Pacific Kitchen and Home, TechLiquidators and Yardbird; and the domain names bestbuy.com, lively.com and others. The International segment comprises operations in Canada under the brand names Best Buy, Best Buy Ads, Best Buy Business, Best Buy Express, Best Buy Marketplace, Best Buy Mobile, Geek Squad, Insignia and TechLiquidators and the domain names bestbuy.ca and techliquidators.ca. The Company offers computing and mobile phones, consumer electronics, appliances, entertainment, services and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Enhanced Experience: Best Buy emphasizes that customers can experience the new TVs in-store, showcasing their higher brightness, more lifelike colors, and improved clarity, with RGB LED TVs set to become the new standard for premium home theaters, thereby enhancing the overall shopping experience for consumers.
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- Convenient Upgrades: Customers purchasing RGB LED TVs benefit from free delivery, installation, and haul-away of their old TVs, simplifying the upgrade process and increasing purchase intent.
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