Best Buy Names Cabela’s CEO Tommy Millner to Board of Directors

  Best Buy Names Cabela’s CEO Tommy Millner to Board of Directors

Business Wire

SIDNEY, Neb. -- January 14, 2014

Cabela's Incorporated (NYSE:CAB) announced today that its President and Chief
Executive Officer Thomas L. Millner was appointed to the Board of Directors of
Best Buy Co., Inc. (NYSE:BBY) on January 13, 2014.

“Tommy is a well-regarded CEO who has successfully transitioned his
organization from a traditional retailer to one that is highly respected as an
effective omni-channel player,” said Hatim Tyabji, Chairman of the Best Buy
Board of Directors. “Best Buy is on the same journey and Tommy’s insights
will, no doubt, be valuable as the Company looks to even better serve its
customers wherever and however they want.”

Millner became Cabela’s President and Chief Executive Officer in April 2009
after 15 years as an executive in the outdoor industry.

Here is the full text of the announcement from Best Buy:

           Best Buy Announces New Member of its Board of Directors

MINNEAPOLIS – Jan. 14, 2014  – Best Buy Co., Inc. (NYSE:BBY), the leading
authority and destination for technology products and services, today
announced the appointment of Thomas L. “Tommy” Millner to its Board of
Directors. Millner is the President and Chief Executive Officer of Cabela’s
Inc., North America’s leading omni-channel retailer of hunting, fishing and
camping products.

Millner, 60, has led Cabela’s since April 2009, after spending 10 years as the
Chief Executive Officer of Remington Arms Company, Inc., a manufacturer of
firearms and ammunition.

“Tommy is a well-regarded CEO who has successfully transitioned his
organization from a traditional retailer to one that is highly respected as an
effective omni-channel player,” said Hatim Tyabji, Chairman of the Best Buy
Board of Directors. “Best Buy is on the same journey and Tommy’s insights
will, no doubt, be valuable as the Company looks to even better serve its
customers wherever and however they want.”

“I have the utmost regard for the work the Company is doing to restore Best
Buy, and I believe its transformation story has the potential to be nothing
short of remarkable,” Millner said. “It is an honor to join the Board.”

Before Millner’s arrival at Remington Arms Company, Inc., he was the Chief
Executive Officer and President at The Pilliod Cabinet Company from 1987 to
May 1994. Prior to that, he had served in various sales and sales management
positions with Thomasville Furniture Industries and Broyhill Furniture
Industries from 1976 to 1987. Millner earned a B.A. with honors from Randolph
Macon College in 1976.

Millner joined the Best Buy Board of Directors on Jan. 13, 2014. He will stand
for ratification at the Company’s annual shareholder meeting in June 2014.

                         About Cabela's Incorporated

Cabela's Incorporated, headquartered in Sidney, Nebraska, is a leading
specialty retailer, and the world's largest direct marketer, of hunting,
fishing, camping and related outdoor merchandise. Since the Company's founding
in 1961, Cabela's® has grown to become one of the most well-known outdoor
recreation brands in the world, and has long been recognized as the World's
Foremost Outfitter®. Through Cabela's growing number of retail stores and its
well-established direct business, it offers a wide and distinctive selection
of high-quality outdoor products at competitive prices while providing
superior customer service. Cabela's also issues the Cabela's CLUB® Visa credit
card, which serves as its primary customer loyalty rewards program. Cabela's
stock is traded on the New York Stock Exchange under the symbol "CAB".

Contact:

Cabela’s Incorporated
Media Contact:
Wes Remmer, 308-255-1244
or
Investor Contact:
Chris Gay, 308-255-2905
 
Press spacebar to pause and continue. Press esc to stop.