Matt Bilunas

Chief Financial Officer (CFO) at Best Buy Co Inc

Since 2019

Age

52 years

Tenure

Joined BBY in 2006 and held various financial leadership roles—from territory finance director to Vice President positions and Senior Vice President of Enterprise and Merchandise Finance—culminating in his appointment as CFO in 2019.

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About

Matt Bilunas is a seasoned financial executive currently serving as the Senior Executive Vice President, Chief Financial Officer, and Enterprise Strategy leader at Best Buy. He is 52 years old as of March 2025.

He began his career at Best Buy in 2006 as a territory finance director and progressively advanced through roles including Vice President of Category Finance, Vice President of Finance for Category, E-commerce, and Marketing, and Senior Vice President of Enterprise and Merchandise Finance before becoming CFO in 2019.

Beyond his leadership in global finance, strategy, and real estate at Best Buy, his prior experience spans roles at Carlson Inc., NRG Energy Inc., Bandag Inc., and KPMG. He also serves on the board of Genesco, Inc., further enhancing his extensive background in financial management and strategic operations.

Past Roles

Organization	Role	Date Range	Details
Best Buy	Senior Vice President of Enterprise and Merchandise Finance	2017–2019	Oversaw financial operations related to enterprise and merchandise finance
Best Buy	Vice President, Finance for Category, E-commerce, and Marketing	2015–2017	Managed financial aspects for category, e-commerce, and marketing
Best Buy	Vice President, Category Finance	2014–2015	Responsible for financial operations related to category finance
Best Buy	Territory Finance Director in Los Angeles	Starting in 2006	Began career at Best Buy in domestic and international businesses
Carlson Inc.	Former Employee	N/A	No specific details provided
NRG Energy Inc.	Former Employee	N/A	No specific details provided
Bandag Inc.	Former Employee	N/A	No specific details provided
KPMG	Former Employee	N/A	No specific details provided

External Roles

Organization	Role	Date Range	Details
Genesco, Inc.	Board Member	N/A	N/A

Fixed Compensation

Data from FY 2025

Component Name	Amount	Payment Schedule	Additional Details
Salary	Beginning-of-Year: $900,000 ; End-of-Year: $935,000	Annual	Annual base salary with 3.9% increase
Time-Based Restricted Shares	21,314 shares	As per vesting	Fixed time-based vesting; excludes performance share awards
All Other Compensation	$93,223	Annual	Includes Retirement Plan Contribution: $13,921 , Life Insurance Premiums: $636 , Other: $78,666 (disability insurance: $35,610 , executive physical benefit: $33,056 , cybersecurity services incremental cost)

Performance Compensation

Data from FY 2025

Performance Share Awards & Dividend Equivalents

Metric	Detail
Performance Metric	Total Shareholder Return (TSR) relative to the S&P 500
Payout Levels	Less than Threshold: 0%; Threshold (30th percentile): 50%; Target (50th percentile): 100%; Maximum (70th percentile+): 150%
Vesting Schedule	Vest at the end of a three-year performance period
Evaluation Period	Three-year period; Dividend Equivalents period: Feb 4, 2024 – Jan 30, 2027
Grant Date	March 20, 2024
Grant Date Fair Value	Probable: $1,675,059 ; Maximum: $2,512,588
Shares Awarded	Target: 19,882 shares ; Maximum: 29,823 shares
Dividend Equivalents	Accrued dividend equivalent shares: 1,322 shares

Non-Equity Incentive Plan (Short-Term Incentive)

Metric	Weight / Detail
Key Performance Metrics	Compensable Enterprise Operating Income: 45% ; Enterprise Revenue: 45% ; Shared Success: 10%
Payout Targets	Target: $1,393,750 ; Maximum: $2,787,500
Evaluation	Based on fiscal 2025 performance against financial and qualitative metrics
Grant Date	March 20, 2024
Vesting	Not applicable (cash-based incentive)