Best Buy Appoints Steven E. Rendle to Board of Directors
March 02 2021 - 4:35PM
Business Wire
Best Buy Co., Inc. (NYSE:BBY) today announced that Steven E.
Rendle, a leading executive in the apparel industry, has been
appointed to its board of directors, effective March 18.
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Credit: VF Corporation
Rendle is the chairman, president and CEO of VF Corp., one of
the world’s largest apparel, footwear and accessories companies
with a family of iconic outdoor, active and workwear brands
including Vans®, The North Face®, Timberland® and Dickies®. The
120-year-old company’s purpose is to power movements of sustainable
and active lifestyles for the betterment of people and the planet.
VF, ranked No. 233 on the Fortune 500 list, is based in Denver and
employs 50,000 people.
Prior to being appointed CEO and chairman in 2017, Rendle was
president and chief operating officer. He joined the company in
1999 as part of The North Face brand and has held leadership roles
at VF for more than 20 years. In all, Rendle has 35 years of
experience in the specialty outdoor and action sports industry.
“Steve has guided his company through a successful
transformation, one focused as much on purpose as profit,” Best Buy
CEO Corie Barry said. “His retail experience, particularly in
building brands that connect to consumers across both physical and
digital channels, along with his deep understanding of the role
companies can play in many of today’s pressing social issues, is
exactly what the board and I are looking for as we continue to make
progress on our strategic goals.”
“Like so many in retail, I have watched the Best Buy turnaround
and transformation with great interest, and the opportunity to work
with the board and management team at this point in the company’s
story was one I could not pass up,” Rendle said. “I am excited to
lend my voice and experience as Best Buy continues its strategic
work to build deeper connections with consumers, reach or exceed
its financial targets, and become one the country’s best places to
work.”
Rendle serves on the board of directors of the Retail Industry
Leaders Association and was a founding board member of the Outdoor
Industry Association’s Outdoor Foundation. In 2018, he was named
CEO of the Year by Corporate Responsibility Magazine for his
progressive environmental, social and governance agenda.
Rendle holds a bachelor’s degree in kinesiology from the
University of Washington.
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Ryan Furlong press@bestbuy.com
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