Best Buy Names John Pershing to Lead Human Resources and Legal Teams.

MINNEAPOLIS -- Best Buy Co., Inc. (NYSE:BBY) today announced the appointment of John Pershing as executive vice president, Human Capital for the corporation. In his new role, Pershing will oversee the recruiting, training, employee relations and employee development for about 140,000 employees at Best Buy's operations around the world. The company's legal department also will report to him. Pershing, age 37, will report to Brad Anderson, Best Buy's vice chairman and chief executive officer. His appointment was effective December 11, 2007.

Pershing succeeds Shari Ballard who was named executive vice president, Retail Channel Management in September of this year.

"John is an engaging and energetic leader who brings a valued combination of field experience and human resources experience to his new role," said Anderson. "He is a champion of the unique culture that we have built at Best Buy. John understands how the ecosystems in which our employees work must be continually adapted so that we create relevant experiences for our customers and build great relationships with them."

Pershing joined Best Buy in 1989 as a retail manager and steadily advanced to positions of increasing responsibility. In 1999, Pershing was named divisional manager, responsible for loss prevention. He was promoted to vice president, retail operations for Musicland, a former Best Buy company, in 2002. In 2005, Pershing took on a new assignment as vice president of organizational alignment and the corporate transformation efforts necessary to roll out the company's customer-centric business strategy.

A native of Milwaukee, Wisc., Pershing holds a bachelor of science degree in architectural studies from the University of Wisconsin. He also attended the executive leadership program at IMD in Lucerne, Switzerland.

An avid international traveler, Pershing continues to pursue his passion for architectural historic preservation through several projects, including his work on the renovation of a home in the historic village of Greendale, Wisc. Pershing is an active volunteer with Big Brother / Big Sisters Minnesota, serving as a "big" for more than four years. He also recently joined the board of directors of Project Success, Twin Cities.

About Best Buy Co., Inc.

Best Buy Co., Inc. (NYSE:BBY) operates a global portfolio of brands with a commitment to growth and innovation. Our employees strive to provide customers around the world with superior experiences by responding to their unique needs and aspirations. We sell consumer electronics, home-office products, entertainment software, appliances and related services through more than 1,200 retail stores across the United States, throughout Canada and in China. Our multi-channel operations include: Best Buy (BestBuy.com, BestBuy.ca and BestBuy.com.cn), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Pacific Sales Kitchen and Bath Centers (PacificSales.com), Magnolia Audio Video (Magnoliaav.com), Jiangsu Five Star Appliance Co. (Five-Star.cn) and Speakeasy (speakeasy.net). Best Buy supports the communities in which its employees work and live through volunteerism and grants that benefit children and education.