Best Buy Names Anne Bramman as CFO Ahead of CEO Transition
The electronics retailer taps Nordstrom and Circana veteran to lead finance as incoming CEO Jason Bonfig prepares to take the helm in November.
Veteran Finance Executive Joins During Leadership Transition
Best Buy Co., Inc. has appointed Anne Bramman as executive vice president and chief financial officer, effective Aug. 19, 2026, the company disclosed in an 8-K filing on Aug. 3. The appointment comes as the $16 billion retailer prepares for a broader leadership transition, with Jason Bonfig set to succeed Corie Barry as CEO on Nov. 1 (8-K filing, 2026-08-03).
Bramman, 58, brings more than 30 years of leadership experience across finance, operations, strategy and transformation at major consumer-facing companies. She will report to Bonfig and lead Best Buy's global finance organization as the company pursues its strategic priorities under new leadership.
Deep Retail and Consumer Background
Most recently, Bramman served as chief financial and growth officer of Circana, a consumer analytics company, from June 2023 to August 2024. Prior to that role, she spent five years as CFO of Nordstrom from June 2017 to December 2022, where she led the department store chain's financial strategy, capital allocation and digital transformation efforts (8-K filing, 2026-08-03).
Her resume also includes CFO positions at Avery Dennison Corporation and Carnival Cruise Line, as well as senior finance roles at L Brands. She currently serves on the boards of Morningstar, Inc., a position she has held since January 2026, and McCormick & Company, where she has been a director since January 2020. She also works as a senior advisor and executive coach at Boston Consulting Group (8-K filing, 2026-08-03).
"Anne brings an impressive and unique combination of finance and operations experience that aligns perfectly with Best Buy and where we're headed," said Bonfig in the company's announcement. "Her consumer expertise, along with her proven track record of leading teams and creating long-term shareholder value will be instrumental as we take on our next chapter" (8-K filing, 2026-08-03).
Compensation Package and Interim Arrangements
Bramman will receive an annual base salary of $950,000 and will be eligible for an annual cash-based short-term incentive with a target of 150% of base salary. For fiscal 2027, she will receive equity-based awards valued at $3.25 million—split equally between performance share awards and time-based restricted shares. The package also includes a $500,000 sign-on cash award, a $1.25 million sign-on equity award in time-based restricted shares, and relocation benefits (8-K filing, 2026-08-03).
Effective Aug. 1, current CEO Corie Barry assumed the role of interim CFO until Bramman's start date. Barry, 51, previously served as Best Buy's CFO from 2016 to 2019. No new compensation or severance agreements were entered into for her interim appointment (8-K filing, 2026-08-03).
The leadership changes unfold as Best Buy, which generated more than $41.6 billion in revenue in fiscal 2026 and operates over 1,000 stores across North America, prepares to report second-quarter fiscal 2027 results on Aug. 27, according to MarginX data. The company's shares last traded at $77.99.
This article was generated by MarginX from the 8-K filing on 2026-08-03. It is not investment advice.