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Another executive leaving Best Buy as profits slide

Ryan Robinson, who serves as Best Buy's No. 2 finance official and chief financial officer of its U.S. business unit, is joining MedExpress as its new CFO. He's among a growing list of executives departing the troubled Richfield-based electronics giant, including International CFO Dave Deno.
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Ryan Robinson, who serves as Best Buy's No. 2 finance official and chief financial officer of its U.S. business unit, is latest top-ranking official to step down. The Star Tribune reports he is joining MedExpress as its new CFO. Robinson is among a growing list of executives departing the troubled Richfield-based electronics giant, including International CFO Dave Deno.

Meanwhile, Best Buy says its first-quarter net income fell more than 25 percent in the midst of the company's restructuring plans, according to Twin Cities Business. Revenue rose 2 percent, beating Wall Street expectations, as sales of tablets and mobile phones climbed.

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CFO Dave Deno is the second top executive to announce his departure this week from the troubled Richfield-based electronics retailer. CMO Barry Judge resigned Wednesday. CEO Brian Dunn stepped down last month amid an investigation into his personal conduct and Geek Squad founder and CTO Robert Stephens left in March.

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