Another top Best Buy exec is heading out

  • Article by: THOMAS LEE , Star Tribune
  • Updated: May 22, 2012 - 6:07 AM

Ryan Robinson, senior vice president and domestic CFO, will join MedExpress.

The exodus from Best Buy Co. Inc.'s executive suite continues.

Ryan Robinson, the company's No. 2 finance official and chief financial officer for Best Buy's U.S. business unit, is stepping down, a source close to the company told the Star Tribune.

Best Buy confirmed Robinson's resignation. The company said Robinson, whose last day is Friday, will join MedExpress, a chain of urgent care centers, as its new CFO.

Robinson is the second-highest ranking finance executive to quit this month. Best Buy International CFO Dave Deno recently left Best Buy to join the parent company of the Outback Steakhouse restaurant chain.

Over the past several weeks, several top Best Buy officials have left the troubled Richfield-based consumer electronics giant, including chief marketing officer Barry Judge, chief technology officer/Geek Squad founder Robert Stephens, and Marise Kumar, chief marketing officer for Best Buy International.

Last month, CEO Brian Dunn quit abruptly. A board-led investigation ultimately determined that Dunn carried on an inappropriate relationship with a female employee. Investigators also concluded that founder/chairman Richard Schulze withheld information about the relationship from the board. As a result, Schulze will relinquish his chairmanship at the company's annual meeting next month and step down from the board next year.

Robinson joined Best Buy in 2002 after spending 15 years with ABN AMRO Holding N.V, an international bank, where he served as senior vice president and director of its North American private equity unit.

As senior vice president and domestic CFO, Robinson oversaw the finances of Best Buy's largest business operation. He was also the second highest finance official after Best Buy executive vice president and CFO James Muehlbauer.

Thomas Lee • 612-673-4113

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