Cognizant Technology Solutions CFO, Karen McLoughlin, Joins Best Buy Board of Directors
September 15 2015 - 8:00AM
Business Wire
Best Buy Co., Inc. announced today the appointment of Karen
McLoughlin to its Board of Directors. McLoughlin is the chief
financial officer at Cognizant Technology Solutions (Nasdaq: CTSH),
a Fortune 500 company and leading provider of information
technology, business process and consulting services.
McLoughlin, 50, joined Cognizant in 2003 and has spearheaded
several critical transformation initiatives during her time with
the company. She has been the chief financial officer since 2012,
overseeing the company’s worldwide accounting and controllership,
enterprise risk management, financial planning and analysis,
internal audit, investor relations, tax and treasury functions.
“Karen’s knowledge of the IT services sector will be invaluable
to the Board and senior management as we continue to emphasize
Services as part of our Renew Blue transformation,” said Best Buy
Chairman and CEO Hubert Joly. “She joined Cognizant when it was
still in startup mode and, as a result, brings a combination of
high-growth entrepreneurship and Fortune 500 experience. We are
delighted to welcome Karen to the Board.”
“I am pleased to join the Best Buy Board of Directors and look
forward to working with my colleagues in service of a company in
the midst of such a remarkable business transformation,” McLoughlin
said. “I have watched what Hubert and his team have been doing the
past few years and am honored to be asked to play a role in all
that is yet to come for this great company.”
Prior to joining Cognizant, McLoughlin spent six years at
Spherion Corp. (SFN Group which was acquired by Randstadt in 2011)
and three years at Ryder System Inc., where she held key financial
management positions. Prior to joining Ryder, she spent six years
in the South Florida practice of Price Waterhouse (now
PricewaterhouseCoopers).
She earned her bachelor’s degree in economics from Wellesley
College and her MBA from Columbia University.
McLoughlin joined the Best Buy Board of Directors effective
Sept. 14. The Board now has 10 members.
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version on businesswire.com: http://www.businesswire.com/news/home/20150915005374/en/
Best Buy Co., Inc.Investor Contact:Mollie O’Brien,
612-291-7735mollie.obrien@bestbuy.comorMedia Contact:Amy von
Walter, 612-437-5956amy.vonwalter@bestbuy.com
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