MINNEAPOLIS--(BUSINESS WIRE)--
Best Buy Co., Inc. announced today the appointment of Karen McLoughlin
to its Board of Directors. McLoughlin is the chief financial officer at
Cognizant Technology Solutions (Nasdaq: CTSH), a Fortune 500 company and
leading provider of information technology, business process and
consulting services.
McLoughlin, 50, joined Cognizant in 2003 and has spearheaded several
critical transformation initiatives during her time with the company.
She has been the chief financial officer since 2012, overseeing the
company’s worldwide accounting and controllership, enterprise risk
management, financial planning and analysis, internal audit, investor
relations, tax and treasury functions.
“Karen’s knowledge of the IT services sector will be invaluable to the
Board and senior management as we continue to emphasize Services as part
of our Renew Blue transformation,” said Best Buy Chairman and CEO Hubert
Joly. “She joined Cognizant when it was still in startup mode and, as a
result, brings a combination of high-growth entrepreneurship and Fortune
500 experience. We are delighted to welcome Karen to the Board.”
“I am pleased to join the Best Buy Board of Directors and look forward
to working with my colleagues in service of a company in the midst of
such a remarkable business transformation,” McLoughlin said. “I have
watched what Hubert and his team have been doing the past few years and
am honored to be asked to play a role in all that is yet to come for
this great company.”
Prior to joining Cognizant, McLoughlin spent six years at Spherion Corp.
(SFN Group which was acquired by Randstadt in 2011) and three years at
Ryder System Inc., where she held key financial management positions.
Prior to joining Ryder, she spent six years in the South Florida
practice of Price Waterhouse (now PricewaterhouseCoopers).
She earned her bachelor’s degree in economics from Wellesley College and
her MBA from Columbia University.
McLoughlin joined the Best Buy Board of Directors effective Sept. 14.
The Board now has 10 members.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150915005374/en/
Source: Best Buy Co., Inc.