Skip to main content

Valspar hires ex-Best Buy CFO Muehlbauer

  • Author:
  • Updated:
    Original:

James Muehlbauer will join Valspar Corp. as its new chief financial officer next week, according to a company news release. He replaces Lori Walker who will retire sometime next month. She announced her plans to leave the Minneapolis-based maker of paints and industrial coatings in November.

“We’re pleased to have such a strong leader join our company,” Gary E. Hendrickson, chairman and CEO, said in statement. “Jim’s expertise in growing large global enterprises and his hands-on business experience in retail and consumer brands make him an excellent addition to our management team. Jim will play a significant role at Valspar as we pursue long term strategic growth opportunities.”

He will be responsible for all aspects of global finance, strategic planning, corporate development, information technology and communications.

Muehlbauer, 51, stepped down as Best Buy's CFO last fall. The troubled Richfield-based consumer electronics giant hired former Williams-Sonoma CFO Sharon McCollam in November.

Next Up

Semi into house near Sturgis, South Dakota

Semi drives into house near Sturgis, South Dakota

The force from the semi was so strong that the foundation of the house was moved.

ambulance

18-year-old from Zumbrota dies in Goodhue County crash

The crash happened in rural Goodhue County around 8:45 a.m. Wednesday.

thomas beach, bde maka ska - lake calhoun

3 Minneapolis beaches closed due to E. coli contamination

No illnesses have been reported, according to the MPRB.

Hockeyland1

'Hockeyland' documentary debuting in Minnesota movie theaters

The documentary has received great reviews at numerous film festivals.

Flickr - police lights squad siren - Edward Kimmel

Former Minnesota Olympic runner accused of driving drunk in Eden Prairie crash

Police said the man's blood alcohol level was three times the legal limit.

ATV

Man, 79, killed in ATV rollover near Faribault

The man was declared dead at the scene.

minneapolis police

Woman fighting for her life after shooting in Minneapolis

The woman was shot only about a half-hour after a 14-year-old suffered critical injuries in an apparent accidental discharge.

prior lake high school

Two students face discipline over racist messages at Prior Lake High School

Families and students were largely uncooperative with the investigation.

Sharon and Herb Vasser

Cause of Hopkins house explosion that killed couple revealed

Sharon and Herb Vassar were killed in the explosion. Herb built the home back in 1962.

Arrows on target

Charges: Minnesota camp counselor fired arrows at kids, injuring boy

An 8-year-old boy was shot in the arm with an arrow.

North Shore Mayor Chris Swanson.

Two Harbors votes overwhelmingly to recall Mayor Chris Swanson

The mayor had been scrutinized for several things leading up to the vote Tuesday.

Screen Shot 2022-08-10 at 8.43.50 AM

Suspected gunman at large after homicide near Albert Lea

The 32-year-old suspect was last seen in a 2004 white Ford F-150 with Minnesota license number EUZ-057.

Related

Report: Best Buy to name new CFO

Best Buy will announce Monday that have hired a new Chief Financial Officer, the Star Tribune reports. A source told the paper that Sharon McCollam, a former CEO and CFO at cookware retailer Williams-Sonoma, will take the CFO position at the Richfield-based electronics retailer.

Target, Best Buy, Supervalu among retailers impacted by Hurricane Sandy

Minneapolis-based Target and Richfield-based Best Buy closed roughly 200 stores on the east coast because of Hurricane Sandy on Monday. Eden Prairie-based Supervalu closed about 20 of its Acme Market stores.

Best Buy CEO presents vision to analysts, investors in New York City

Best Buy's new Chief Executive Officer Hubert Joly outlined his five-point strategy, called "Renew Blue," to turn around the Richfield-based consumer electronics chain before he met with Wall Street investors in New York Tuesday afternoon, the Business Journal reports.