Best Buy Appoints Two New Directors May 4, 2004

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Consumer electronics and appliance retailer Best Buy Co., Inc. announced the appointments of Ronald James and Mary Tolan to its board of directors. Mr. James, president and CEO of the Center for Ethical Business Cultures, and Ms. Tolan, CEO of Accretive Health, were selected to fill two new positions, increasing the size of Best Buy's board to 13 members.

"We are delighted to have these strong and thoughtful leaders join the Best Buy board," said Richard Schulze, Best Buy's founder and chairman of the board. "Transforming Best Buy from a product-centric company to a customer-centric company demands that we cultivate deeper and more diverse board resources."

The company's shareholders will be asked to ratify the appointments of Mr. James and Mr. Tolan to the Best Buy board of directors on June 24, 2004, at the company's annual meeting of shareholders in Minneapolis, MN, U.S.

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