Best Buy Shuffles C-Suite

Best Buy Co., Inc. (NYSE:BBY) announced that two of its senior executives, Shari Ballard and Mike Vitelli, will assume new roles within the company.

Effective immediately, Ballard will be an executive vice president and president of Best Buy International, overseeing business in China, Canada and Mexico, as well as Best Buy Europe.Vitelli will be an executive vice president and president of Best Buy’s domestic business.

Previously, Ballard and Vitelli were co-presidents of the company’s domestic business, as well as being involved with operations in Canada and Mexico.

Here’s how Best Buy shares reacted to the news:

Best Buy Co. Inc. (NYSE:BBY): BBY shares recently traded at $24.46, up $0.17, or 0.7%. They have traded in a 52-week range of $21.79 to $35.79. Volume today was 3,510,860 shares versus a 3-month average volume of 6,561,620 shares. The company’s trailing P/E is 8.44, while trailing earnings are $2.90 per share.