Best Buy Announces New Senior Vice President; Former Sony Executive to Lead Consumer Electronics and Product Management.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--March 25, 2004 Michael Vitelli has joined Best Buy Co., Inc. (NYSE NYSE See: New York Stock Exchange :BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) ) as senior vice president of consumer electronics and product management. Vitelli reports to Ron Boire, executive vice president and general merchandise manager. "The leadership and expertise Mike brings to Best Buy are extraordinary assets as we continue our growth and efforts to provide our customers with the technology and entertainment products that best match their particular needs," said Boire. "Mike is positioned to make a major impact in advancing our product management strategies. We are extremely pleased that he has joined our management team." Vitelli, age 48, most recently held the position of executive vice president of Sony Electronics Sony Electronics Inc., headquartered in San Diego, Calif., is the largest component of Sony Corporation of America, the U.S. holding company for Sony's U.S.-based electronics and entertainment businesses. . In that role, he oversaw Sony's SOAR project, with responsibilities focusing on supply chain, order management and accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying . Over the course of his 23-year career with Sony, Vitelli held leadership positions in the areas of sales, marketing, operations, finance and engineering. Vitelli was the president of Sony's Visual Network Products Company, where he was responsible for managing the marketing, design and engineering of televisions, set-top boxes and personal video recorders. Prior to that position, he was president of the Consumer Electronics Group which included the Personal Network Solutions Company, Personal IT Network Company Engineering & Manufacturing, Home Networks Products Company and Personal Mobile Products Company. Previous roles also include serving as senior vice president of Sony's Broadcast & Professional Products Company, president of Sony's Personal Audio Products Company, and leading Sony Service Company. A certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , Vitelli launched his career as an auditor with Price Waterhouse, a public accounting firm. He holds a bachelor's degree in accounting from Brooklyn College Brooklyn College: see New York, City University of. in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . About Best Buy Co., Inc. Minneapolis-based Best Buy Co., Inc. (NYSE:BBY) is North America's leading specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Company's subsidiaries operate retail stores and/or web sites under the names: Best Buy (BestBuy.com), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com), and Magnolia Audio Video Magnolia Audio Video is a specialty consumer electronics retailer in the United States. It currently operates 13 standalone stores throughout Washington, Oregon, and California. (MagnoliaAV.com). The Company's subsidiaries reach consumers through 750 retail stores in the United States and Canada. |
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