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Operator Ladies and gentlemen, thank you for standing by. Welcome to Best Buy s Q1 FY 2022 earnings conference call. [Operator instructions] As a reminder, this call is being recorded for playback and will be available by approximately 11:00 a.m. Eastern Time today. [Operator instructions] I will now turn the conference call over to Mollie O Brien, vice president of investor relations. Mollie O Brien Vice President of Investor Relations Thank you, and good morning, everyone. Joining me on the call today are Corie Barry, our CEO; Matt Bilunas, our CFO; and Mike Mohan, our president and COO. During the call today, we will be discussing both GAAP and non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures and an explanation of why these non-GAAP financial measures are useful can be found in this morning s earnings release, which is available on our website investors.bestbuy.com. ....
Photo by istock.com May 3, 2021 Mike Mohan, president and COO of Best Buy, is reportedly leaving the electronics retailer by mid summer. Mohan has been with the brand for 17 years and his responsibilities will be shared by other executive leaders, according to Fox Business, which cited a Minneapolis Tribune report. The announcement, made in a memo, stated top reports to Mohan are changing as well, with Rob Bass, the supply network and global property leader, reporting to CEO Corie Barry. ....
Best Buy President Mohan To Exit After 17 Years, No Replacement Named 04/30/21 AT 8:23 AM Best Buy (BBY) announced Thursday that Mike Mohan will be stepping down from his role as president and chief operating officer, effective July 1, according to a securities and exchange filing. No replacement was named for Mohan’s position. Instead, Best Buy said that his duties would be allocated to other members of the executive leadership team. The filing also indicated that Mohan, 53, will be paid a one-time cash payment of $1 million on or after his departure date for services through July 1 for staying through the departure date, according to the filing. Bloomberg reported that he will also receive separation benefits. ....