Bradbury "Brad" Anderson (born April 29, 1949) is the former CEO and vice chairman of the American consumer electronics retailer Best Buy.

Early life and education

Born and raised in Sheridan, Wyoming, Anderson received an Associate of Arts from Waldorf College and a

bachelor's degree A bachelor's degree (from Medieval Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate degree awarded by colleges and universities upon completion of a course of study lasting three to six years ...

from the University of Denver.

Career

In 1973, Anderson joined Sound of Music, a small chain of stereo stores that was the precursor to Best Buy, as a commissioned salesman. Best Buy's founder, Richard Schulze, named him vice president in 1981. In subsequent years, Schulze and Anderson turned the chain from a commission-driven store to a discount store, warehouse-style format. In 1986, Anderson was promoted to executive vice president and was elected to Best Buy's board of directors. In April 1991, he was promoted to president and

chief operating officer A chief operating officer (COO), also called chief operations officer, is an executive in charge of the daily operations of an organization (i.e. personnel, resources, and logistics). COOs are usually second-in-command immediately after the C ...

, vice chairman in 2001 and, in June 2002, he assumed the position of chief executive officer. In June 2009, he was succeeded by Brian J. Dunn who had been president and

. Anderson is on the Waldorf College Board of Regents and the

General Mills General Mills, Inc. is an American multinational corporation, multinational manufacturer and marketer of branded ultra-processed consumer foods sold through retail stores. Founded on the banks of the Mississippi River at Saint Anthony Falls in ...

board of directors. He is also on the board of PragerU, a website that produces education videos from a conservative viewpoint.

Compensation

In the 2006 fiscal year, he received a salary of $1,164,283 and a bonus of $2,692,250. His annual compensation for the 2007 fiscal year was $5.6 million, including $1,172,995 in salary, plus $2,650,969 in incentive-plan compensation. In 2008, he was paid $49.3 million in total compensation, $1,172,995 in salary, $1,994,092 in incentive-plan compensation, stock awards of $413,635 and no option awards, and $46.08 million in value from exercising 1.05 million stock options.

References

External links

Biography at Best Buy website
American retail chief executives Living people 1949 births University of Denver alumni Best Buy people 20th-century American businesspeople American chief operating officers {{US-business-bio-1940s-stub