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TheStreet Open House

Best Buy Names Cabela’s CEO Tommy Millner To Board Of Directors

Stocks in this article: CAB

Cabela's Incorporated (NYSE:CAB) announced today that its President and Chief Executive Officer Thomas L. Millner was appointed to the Board of Directors of Best Buy Co., Inc. (NYSE:BBY) on January 13, 2014.

“Tommy is a well-regarded CEO who has successfully transitioned his organization from a traditional retailer to one that is highly respected as an effective omni-channel player,” said Hatim Tyabji, Chairman of the Best Buy Board of Directors. “Best Buy is on the same journey and Tommy’s insights will, no doubt, be valuable as the Company looks to even better serve its customers wherever and however they want.”

Millner became Cabela’s President and Chief Executive Officer in April 2009 after 15 years as an executive in the outdoor industry.

Here is the full text of the announcement from Best Buy:

Best Buy Announces New Member of its Board of Directors

MINNEAPOLIS – Jan. 14, 2014 – Best Buy Co., Inc. (NYSE:BBY), the leading authority and destination for technology products and services, today announced the appointment of Thomas L. “Tommy” Millner to its Board of Directors. Millner is the President and Chief Executive Officer of Cabela’s Inc., North America’s leading omni-channel retailer of hunting, fishing and camping products.

Millner, 60, has led Cabela’s since April 2009, after spending 10 years as the Chief Executive Officer of Remington Arms Company, Inc., a manufacturer of firearms and ammunition.

“Tommy is a well-regarded CEO who has successfully transitioned his organization from a traditional retailer to one that is highly respected as an effective omni-channel player,” said Hatim Tyabji, Chairman of the Best Buy Board of Directors. “Best Buy is on the same journey and Tommy’s insights will, no doubt, be valuable as the Company looks to even better serve its customers wherever and however they want.”

“I have the utmost regard for the work the Company is doing to restore Best Buy, and I believe its transformation story has the potential to be nothing short of remarkable,” Millner said. “It is an honor to join the Board.”

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