Best Buy on the hunt for new CFO
Best Buy’s longtime finance chief is stepping down.
Matt Bilunas, who has served as chief financial officer of the consumer electronics giant for the past seven years, will depart the company at the end of July. In total, he spent 20 years with Best Buy, joining the company as a territory finance director in 2006.
Current CEO Corie Barry, who previously served as CFO, will provide financial oversight during the transition if needed. Barry will step down from her roles as CEO of Best Buy and board member at the end of the company’s third quarter, on Oct. 31. She will be succeeded by Jason Bonfig, who joined the consumer electronics giant as an inventory analyst in 1999 and currently serves as its chief customer, product and fulfillment officer.
"We wouldn't be where we are today, or have such confidence in the future ahead of us, without Matt,” said Bonfig. “He helped build Best Buy in invaluable ways, and I'm genuinely grateful for everything he has contributed and everything I've learned from him over the years.”
Best Buy says it is conducting an external search for a finance successor to partner with Bonfig. The retailer credits Bilunas with helping navigate a “range of challenging environments” to help generate the momentum driving Best Buy and its business today. As chief financial officer, Bilunas was responsible for finance, enterprise strategy, procurement, financial services, real estate and omnichannel operations.
“The past seven years have been exciting, challenging, unpredictable and meaningful, and I truly believe we wouldn't have navigated them as well as we did if it weren't for Matt,” said Barry. “His impact on this company will last for years to come; not only because of his financial leadership, but because of the way he has developed talent and helped shape our strategy. His impact on me personally will last a lifetime.”
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The world’s largest specialty consumer electronics retailer, Best Buy operates more than 1,000 stores in North America, and has more than 80,000 employees. The company says it generated $41.7 billion of revenue in fiscal 2026.
