Darren Jackson Leaving Best Buy

By Alan Wolf -- TWICE, 11/29/2007

Minneapolis — Darren Jackson, Best Buy’s longtime chief financial officer and more recently head of its customer operating groups, will leave the company Dec. 7 to become president/CEO of Advance Auto Parts.

Jackson notified Best Buy on Tuesday, according to a filing with the Securities & Exchange Commission.

Jackson had served as chief financial officer for the past seven years, and had recently assumed additional responsibility for the company’s emerging business unit. In September he was reassigned to the newly created position of executive VP, customer operating groups, leading Best Buy’s entertainment, PC mobility and home solutions businesses, and overseeing the company’s merchandising, financial services, Best Buy For Business, Magnolia Audio Video and Pacific Sales operations. He was succeeded by interim CFO Jim Muehlbauer.

Jackson has been a director at Advance Auto Parts since 2004.

Talkback

» Submit Feedback

• 
  

  Congratulations is in order for Mr. Jackson. It''s funny, though, that the loss of a CFO at Best Buy doesn''t affect the market valuation of the company, but the loss of a CFO at Circuit City does.

  
  

  
  Bill Penn - 2007-30-11 09:01:00 EST
» Submit Feedback

Related Content

• Topics
• Author

Best Buy Expands Executive Ranks

09/26/2007

Best Buy Plans To Continue U.S. Expansion

02/24/2008

Best Buy Names Muehlbauer CFO

04/20/2008

Best Buy Consolidates 'Centricity'

04/09/2006

Best Buy Q1 Reports Net Earnings Up 38%

06/12/2006

Also by this author

• Target Gift Cards Made Portable To Cellphones

• Conn's Q4 Sales Sink 30%

• Resource-Efficient Majaps Top Of Mind At Int'l Builders' Show

• Linder's Planning Major Expansion

• Ritz Camera Sets Growth Strategy

» MORE

Featured Links