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Mat Povse Named New President of Best Buy Canada

Newsroom by Newsroom
03/19/2025
in Business
Mat Povse Named New President of Best Buy Canada

During his tenure at Best Buy, Mat and his teams led transformative initiatives such as the introduction of small box stores and the launch of Best Buy Canada's Membership and Monthly Membership programs, which significantly boosted customer and employee engagement. His teams have also helped grow the wireless and home theatre categories, and led the national expansion of major appliances at Best Buy Canada.Mat's passion for human connection, problem solving and constant improvement is in his nature, beyond work. He believes in creating a workplace that everyone loves, in the value of time and having fun while working."It's really simple. It's our responsibility to create a place we love, to use other people's time well, and to have fun at the same time. It's great to be part of a company whose values apply to work, but also to life in general. Mat says.Mat's selection for the position of President followed a rigorous process involving the participation and voting of the U.S. Board of Directors, CEO, and management team. He succeeds Ron Wilson, who recently retired after an incredible 34-year career with the company.About Best Buy CanadaBest Buy Stores Ltd. is a wholly-owned subsidiary of Best Buy Co., Inc. (NYSE:BBY). The company is one of Canada's largest omnichannel retailers, operating the Best Buy, Best Buy Mobile, Best Buy Express, and Geek Squad (www.geeksquad.ca) brands. With more than 320 Best Buy, Best Buy Mobile and Best Buy Express stores across the country, and an assortment of products of all kinds available on BestBuy.ca, Best Buy is a leader in total retail, meeting customers' needs to shop their way, when and where they want. Best Buy Canada is committed to having a positive presence in the community through programs and partnerships to introduce youth to technologies that will help them in their educational journey. For more information, visit BestBuy.ca.

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Best Buy Canada welcomes Mat Povse as its new President. Mat, a familiar face within the company, comes to the role after an impressive 11-year career at Best Buy Canada.

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Prior to being named President, Mat held several roles, most recently as Senior Vice President, Retail Sales, Geek Squad and Best Buy Business. In this role, he and his team managed hundreds of stores, thousands of dedicated employees, and millions of satisfied customers.

During his tenure at Best Buy, Mat and his teams led transformative initiatives such as the introduction of small box stores and the launch of Best Buy Canada’s Membership and Monthly Membership programs, which significantly boosted customer and employee engagement. His teams have also helped grow the wireless and home theatre categories, and led the national expansion of major appliances at Best Buy Canada.

Mat’s passion for human connection, problem solving and constant improvement is in his nature, beyond work. He believes in creating a workplace that everyone loves, in the value of time and having fun while working.

“It’s really simple. It’s our responsibility to create a place we love, to use other people’s time well, and to have fun at the same time. It’s great to be part of a company whose values apply to work, but also to life in general. Mat says.

Mat’s selection for the position of President followed a rigorous process involving the participation and voting of the U.S. Board of Directors, CEO, and management team. He succeeds Ron Wilson, who recently retired after an incredible 34-year career with the company.

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