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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.

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  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
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