01—Abstract
Summary
Summary of the 8-K filed August 3, 2026. Cited figures are marked; the original filing is the authoritative source.
Best Buy Co., Inc. (NYSE: BBY) announced on August 3, 2026 that Anne Bramman has been appointed Executive Vice President and Chief Financial Officer, effective August 19, 2026.
She will report to incoming CEO Jason Bonfig, who will succeed current CEO Corie Barry on November 1, 2026. Bramman previously served as chief financial and growth officer of Circana, Inc. (June 2023 to August 2024) and as CFO of Nordstrom, Inc. (June 2017 to December 2022), and currently sits on the boards of Morningstar, Inc. and McCormick & Company. Effective August 1, 2026, Corie S.
Barry was named Interim CFO until Bramman assumes the role on August 19. Barry, who is also CEO and will remain in that role until Bonfig takes over, previously served as the Company's CFO from 2016 to 2019. No new compensation or severance agreements were entered into for Barry's interim appointment.
Bramman's compensation package includes an annual base salary of $950,000,a a fiscal 2027 short-term incentive target of 150% of base salary, fiscal 2027 equity awards with a grant date value of $3,250,000, a $500,000 sign-on cash award, and a $1,250,000 sign-on equity award in time-based restricted shares, plus relocation benefits. The filing states that Best Buy generated more than $41.6 billion in revenue in fiscal 2026 and operates more than 1,000 stores across North America.
02—Key points
Key Highlights
- Anne Bramman appointed Executive Vice President and Chief Financial Officer, effective August 19, 2026, reporting to incoming CEO Jason Bonfig.
- Jason Bonfig will succeed Corie Barry as CEO on November 1, 2026, as the Company continues its CEO transition.
- Corie Barry named Interim CFO effective August 1, 2026, while continuing as CEO; no new compensation or severance agreements were entered into for this role.
- Bramman's base salary is $950,000, with a fiscal 2027 short-term incentive target of 150% of base salary.
- Bramman will receive fiscal 2027 equity awards with a grant date value of $3,250,000 (half performance shares, half time-based restricted shares), plus a $500,000 sign-on cash award and a $1,250,000 sign-on time-based restricted share award.
- Bramman previously served as CFO of Nordstrom, Inc. (2017 to 2022) and chief financial and growth officer of Circana, Inc. (2023 to 2024).
- The filing states Best Buy generated more than $41.6 billion in revenue in fiscal 2026.
03—Questions
Frequently Asked Questions
Who is the new Chief Financial Officer of Best Buy and when does the appointment take effect?
Anne Bramman, age 58, has been appointed Executive Vice President and Chief Financial Officer, effective August 19, 2026. She will report to incoming CEO Jason Bonfig.
Who is serving as CFO until Anne Bramman takes over?
Effective August 1, 2026, CEO Corie S. Barry was named Interim CFO and will hold the principal financial officer responsibilities until August 19, 2026. Barry previously served as CFO from 2016 to 2019.
When will the CEO transition take place?
Jason Bonfig will succeed current CEO Corie Barry on November 1, 2026.
What compensation will Anne Bramman receive?
Her annual base salary is $950,000, with a fiscal 2027 short-term incentive target of 150% of base salary. She will receive fiscal 2027 equity awards with a grant date value of $3,250,000, a $500,000 sign-on cash award, a sign-on equity award with a grant date value of $1,250,000 in time-based restricted shares, and relocation benefits.
What is Anne Bramman's professional background?
Bramman most recently served as chief financial and growth officer of Circana, Inc. (June 2023 to August 2024). Previously she was CFO of Nordstrom, Inc. (June 2017 to December 2022), and also served as CFO of Avery Dennison Corporation and Carnival Cruise Line. She currently serves as a senior advisor and executive coach at Boston Consulting Group and on the boards of Morningstar, Inc. and McCormick & Company.
04—Continue