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Best Buy Expands Recycling Initiative

BY CSA STAFF

Minneapolis Best Buy Co. will bring its electronics recycling program Feb. 15 to all of its 1,006 stores nationwide. The program will expand sometime in fiscal 2010 to Puerto Rico stores.

Under the terms of the program, consumers can bring up to two units per day, per household, for recycling at any U.S. Best Buy store. The chain will accept most consumer electronics, including televisions and monitors up to 32 inches, computer CPUs and notebooks, small electronics, VCR and DVD players and phones, as well as accessories such as keyboards, mice and remotes.

A $10 recycling fee per unit will be charged for items with screens, such as televisions, laptop computers, and monitors. The consumer will instantly receive a $10 Best Buy gift card in exchange for the recycling fee.

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Former Circuit City finance chief moves to OfficeMax

BY CSA STAFF

NAPERVILLE, Ill. OfficeMax announced that Bruce Besanko will assume the role of EVP and CFO effective Feb. 16.

Besanko served most recently as EVP of finance and CFO for Circuit City Stores. Before joining Circuit City in 2007, he was SVP of finance and CFO for The Yankee Candle Company from 2005 to 2007. He served as VP of finance for Best Buy from 2002 to 2005.

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Blockbuster names digital entertainment SVP

BY CSA STAFF

DALLAS Blockbuster has hired former Philips executive Kevin Lewis as SVP of digital entertainment. In this newly created position, Lewis will be responsible for the development and execution of the company’s initiatives to deliver Blockbuster-branded content to consumers via both established and emerging technologies such as direct-to-home connected devices, set-top boxes, portable video players, DVD vending machines and digital kiosks.

Before joining Blockbuster, Lewis served as chief of strategy and new business development for Philips Consumer Lifestyle, a $20 billion product division of Royal Philips Electronics, headquartered in Amsterdam. At Philips, Lewis led a global team that oversaw worldwide strategy development, product innovation, mergers and acquisitions, and technology development.

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