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Best Buy Hires Top Global Technology Talent

Industry leader Scott Durchslag to further boost Best Buy's online transformation

MINNEAPOLIS, October 3, 2012 -- Best Buy Co., Inc. (NYSE: BBY) In a move designed to bolster its ability to offer consumers a world class multi-channel shopping experience, Best Buy today announced that Scott Durchslag has been named senior vice of president Best Buy and president Online and Global e-Commerce, effective October 8, 2012. In this role, Durchslag will take the helm of BestBuy.com, the world's 11th largest online retailer. Durchslag will report to Stephen Gillett, president Digital, Global Marketing and Strategy.

Durchslag will lead the company's overall strategy to advance Best Buy's global e-commerce vision, retail multi-channel capabilities and online business development. He will be responsible for all of Best Buy's global e-commerce channels, including BestBuy.com and mobile commerce.

"Scott's arrival at Best Buy signals our determination and commitment to create a world class customer experience - both online and in our stores," said president and CEO Hubert Joly. "It also demonstrates our continuing ability to attract world class talent like Scott."

"I am very excited to have Scott on the Best Buy team and leading a critical growth area of our Best Buy business," said Gillett. "He's a seasoned tech veteran whose passion, talent and experience will add tremendous value to Best Buy as we build upon the broader digital and online experience for our customers."

Prior to joining Best Buy, Durchslag was president of Expedia Worldwide, the world's largest online travel agency. He was responsible for managing the overall strategy, product development, marketing and operations of its 27 sites around the world with a focus on increasing its global footprint and driving innovation to gain share. He was the primary architect for the Expedia 3.0 strategy and led the migration to its new platform.

"I am excited to be part of the transformation at Best Buy," said Durchslag. "The company is uniquely positioned to deliver an innovative digital experience that provides the 'best buy' for consumers in price, convenience and services, using both clicks and bricks."

A former McKinsey & Company partner, Durchslag has more than 25 years in the industry and has served technology clients in the U.S., Greater China and South Asia. He was elected partner in only four years and was the youngest office manager in McKinsey's history. He has held a variety of senior leadership roles including chief operating officer of Skype prior to its sale by eBay. He was also a corporate vice president at Motorola, where he was part of the critical work that doubled Motorola's market share, launched the RAZR product team and created partnerships with industry heavyweights including Google and Microsoft.

Durchslag graduated Phi Beta Kappa from the University of Chicago and received his MBA from Harvard Business School.

About Best Buy Co., Inc.

Best Buy Co., Inc. (NYSE:BBY) is a leading multi-channel global retailer and developer of technology products and services. Every day our employees - 167,000 strong - are committed to helping deliver the technology solutions that enable easy access to people, knowledge, ideas and fun. We are keenly aware of our role and impact on the world, and we are committed to developing and implementing business strategies that bring sustainable technology solutions to our consumers and communities. For additional information about Best Buy, visit http://www.investors.bestbuy.com/.


Media Contact

Amy von Walter

(612) 291-4490

amy.vonwalter@bestbuy.com


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