Sharon McCollam, the former chief financial officer of Williams-Sonoma Inc, will come out of retirement to take over as finance chief at Best Buy Co Inc at the end of the year, a source familiar with the matter said.McCollam, 50, will join the world's largest consumer-electronics retailer amid a wide organizational restructuring under new Chief Executive Hubert Joly, and a looming takeover proposal by former chairman and founder Richard Schulze.A representative for Best Buy declined to comment. The source declined to be identified as the appointment has not been made public.Best Buy, whose shares have fallen 34.5 percent so far this year, compared with a 9.7 percent gain in the S&P 500 Index , is under pressure as it grapples with competition from cheaper online retailers.
Best Buy Co., Inc. is a multinational retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances and related services. Shares of BBY traded higher by 0.26% or $0.04/share to $15.30. In the past year, the shares have traded as low as $14.46 and as high as $28.53. On average, 7871770 shares of BBY exchange hands on a given day and today's volume is recorded at 3236305.
Williams-Sonoma, Inc. is a multi-channel specialty retailer of products for the home. Shares of WSM fell by 0.31% or $-0.14/share to $45.23. In the past year, the shares have traded as low as $32.67 and as high as $45.60. On average, 1879030 shares of WSM exchange hands on a given day and today's volume is recorded at 1213922.
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