Best Buy 2006 Annual Report Download - page 34

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20
We are involved in various otherlegal proceedings arising
in the normalcourse of conducting business. We believe
the amounts provided in our consolidated financial
statements, as prescribed by accounting principles generally
accepted in the United States, are adequate in light of the
probable andestimable liabilities. The resolution of those
other proceedings is not expected to have a material effect
on our results of operations or financial condition.
Executive Officers of the Registrant:
(As of February 25,2006)
Name Age Position With the Company
Years
With the
Company
Bradbury H. Anderson 56 Vice Chairman and Chief Executive Officer 3 3
Richard M. Schulze 65 Founder andChairman of the Board40
Allen U. Lenzmeier 62 Vice Chairman 22
Brian J. Dunn 45 President and Chief Operating Officer 21
Robert A. Willett 59 Chief Executive Officer — Best Buy International 2
Kevin T. Layden 45 President and Chief Operating Officer — Best Buy Canada 9
Shari L. Ballard 39 Executive Vice President — Human Capital and Leadership 13
Ronald D. Boire 44 Executive Vice President — Gene ral Merchandise Manager 3
Thomas C. Healy 44 Executive Vice President — Best Buy For Business 16
Darren R.Jackson 41 Executive Vice President —Finance andChief Financial Officer6
Michael A. Linton 49 Executive Vice President — Consumer and Brand Marketing and Chief
Marketing Officer 7
Michael London 57 Executive Vice President — Sourcing andAlliances 10
Timothy D. McGeehan 39 Executive Vice President — Retail Sales 18
Kalendu Patel 42 Executive Vice President —Strategy andInternational 3
Greg Thorson 52 Executive Vice President — Enterprise Transformation 1
John C. Walden 46 Executive Vice President — Customer Business Group 7
Susan S. Hoff 41 Senior Vice President and Chief Communications Officer 23
Joseph M.Joyce 54 SeniorVice President — General Counsel and Assistant Secretary15
James L. Muehlbauer44 Senior Vice President — Finance 4
Ryan D. Robinson 40 Senior Vice President — Finance andTreasurer 4
Bradbury H. Anderson has been a director since
August 1986 and is currently our Vice Chairman and Chief
Executive Officer. He assumed the responsibility of Chief
Executive Officer in June 2002, having previouslyserved as
President and Chief OperatingOfficer since April 1991. He
has been employed in various capacities with us since
1973. In addition, he serves on the board of the Retail
Industry Leaders Association, as well as on the boards of the
American Film Institute, Junior Achievement, Minnesota
Public Radio and Waldorf College.
Richard M. Schulze is a founder of Best Buy. He has been
an officer and director from our inception in 1966 and
currently is Chairman of the Board. Effective in June 2002,
he relinquished the duties of Chief Executive Officer. He
hadbeen our principal executive officer for more than 30
years. He is on the board of trustees of the University of
St. Thomas,chairman of its Executive and Institutional
Advancement Committee, and amember of its Board
Affairs Committee. Mr. Schulze is also chairman of the
board of governors of the University of St. Thomas Business
School.
Allen U. Lenzmeier has been a director since
February 2001 and is currently our Vice Chairman,
serving on a part-time basis to support our international
expansion. Prior to his promotion to his current position, he
served in various capacities since joining us in 1984,
including as President and Chief Operating Officer from
2002 to 2004, and as President of Best Buy Retail