Best Buy Board Appoints New Member Sep 4, 2003

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Best Buy Co., Inc. announced the appointment of Matthew H. Paull to its board of directors. Mr. Paull, executive vice president and chief financial officer for McDonald's Corporation, was selected to fill a board vacancy resulting from the retirement of a former director last June.

The company said that, as a Class 2 director, Mr. Paull is joining two committees: Best Buy's Audit Committee, which provides assistance to the board in fulfilling its oversight responsibility to the shareholders and investment community, and the Finance and Investment Policy Committee, which provides the board with assurances that the company's financial policies and financial condition will enable Best Buy to achieve its long-range goals. Mr. Paull’s position on the board is expected to be brought to shareholders for ratification at the next meeting.

As CFO of McDonald’s Corporation, Mr. Paull is responsible for maintaining the company’s financial integrity, assisting McDonald's chief executive officer Jim Cantalupo in managing all financial matters, and setting financial strategy for the U.S. $40 billion, global food service company. Mr. Paull is also a member of McDonald's Chairman's Council, which sets the company's strategic direction.

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