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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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