Best Buy has elected Cabela's president and CEO Thomas L. Millner to its board of directors.
“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 omnichannel 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 CEO in April 2009 after spending 10 years as the CEO of Remington Arms Company, a manufacturer of firearms and ammunition.
“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, he was the CEO 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 will stand for ratification at the company’s annual shareholder meeting in June 2014.