Best Buy’s China Policy

Best Buy Co. Inc. (Richfield, Minn.) has named Redmond Yeung president and chief operating officer of Best Buy Asia, effective May 8, 2007.

In this newly created position, Yeung will be responsible for overseeing all of Best Buy's operations in Asia, including Best Buy China, Jiangsu Five Star Appliance and the company's global sourcing office in China. He will report to Robert Willett, ceo of Best Buy International.

Yeung has held senior positions at Ports Design Ltd. (Kowloon, Hong Kong), a designer, manufacturer and retailer of fashion apparel.

“Redmond Yeung is an exceptional leader with the vision, global experience and deep retail knowledge to help us create great experiences and relationships with our customers in China,” said Willett. “He has achieved an extraordinary track record of success in growing and delivering superior operating results in highly competitive markets while always focused on serving the needs of customers. I am confident that Redmond, in partnership with the talented leadership team already in place in China, will help us achieve our goals in perhaps the most exciting retail market in the world today.”