Best Buy Co., Inc. has appointed Meghan Frank, the chief financial officer of lululemon, to its Board of Directors, effective immediately. Frank brings more than two decades of experience and expertise in retail, finance, and planning to her new role at Best Buy. Before joining lululemon, she held leadership roles at Ross Stores and J.Crew.
During her tenure at lululemon, Frank oversaw finance, tax, treasury, investor relations, asset protection, facilities, planning and allocations, and strategy. Her appointment to Best Buy's Board of Directors is expected to bring valuable insights and guidance to the company as it continues to evolve and grow its business.
This appointment reflects Best Buy's commitment to strengthening its leadership team with individuals who have a proven track record of success in the retail and finance sectors. Meghan Frank's extensive background and expertise are anticipated to contribute to Best Buy's growth strategy and the creation of long-term value for its stakeholders. As a result of these announcements, the company's shares have moved -2.33% on the market, and are now trading at a price of $76.63. For more information, read the company's full 8-K submission here.
