Best Buy hired former Williams- Sonoma Chief Financial Officer Sharon McCollam as CFO as the world’s largest consumer- electronics retailer seeks to reduce its store count and strengthen its online operations.
McCollam, 50, starts Dec. 10 and also will serve as chief administrative officer, Best Buy said Monday. She retired from Williams- Sonoma in March. Jim Muehlbauer, Best Buy’s finance chief, said last month that he would step down from the role. Chief Executive Officer Hubert Joly is hiring McCollam as he works to boost sales.