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The Boston Globe

Business

Market Movers

Ailing Best Buy picks new CFO

A former Williams-Sonoma chief financial officer, Sharon McCollam, will be CFO and chief administrative officer of Best Buy as it seeks to close stores, beef up online sales, and lift profit. CEO Hubert Joly took over in September as Best Buy resisted buyout overtures from its founder; Joly meets analysts Tuesday to discuss his strategy to revive the chain.

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