On February 28, 2021, the Board of Directors of Best Buy Co., Inc. elected Steven E. Rendle as a director, effective March 18, 2021. Mr. Rendle is the Chairman, President and Chief Executive Officer of VF Corporation. Mr. Rendle brings to the Board over twenty years of expertise in transformational leadership, branding, multi-dimensional supply chain and customer activation. Mr. Rendle will be appointed to serve on a Board committee at a later date. Mr. Rendle is expected to stand for election to the registrant's Board at the 2021 Regular Meeting of Shareholders.