Minneapolis -- Best Buy today announced that retired director, EVP, chief operating and CFO of Williams-Sonoma, Inc., Sharon McCollam, will join the company as its new chief administrative and CFO, effective Dec. 10, according to a Reuters report. McCollam, 50, left Williams-Sonoma earlier this year after serving as an executive officer for more than 12 years.
McCollam succeeds CFO James Muehlbauer, whose departure was announced last month. Muehlbauer will leave the company at the end of this fiscal year, allowing for a smooth transition.
As the chief administrative and CFO, McCollam will influence and shape all aspects of Best Buy's operations and transformation strategy. In addition to her proven financial leadership, McCollam also brings broad retail and multichannel operational expertise that will be highly relevant to Best Buy's transformation. She assumes a number of responsibilities including all aspects of global finance, strategic planning and corporate development, shared services and oversight of Best Buy's real estate portfolio.