VIZIO Appoints Former Best Buy President and COO, Mike Mohan to Board of Directors

Rhea-AI Summary

VIZIO (NYSE: VZIO) has announced the appointment of R. Michael (Mike) Mohan, former President and COO of Best Buy, to its board of directors. Mohan brings extensive retail expertise, having managed global operations at Best Buy, including sales, merchandising, and marketing across 1,400 stores. His experience is expected to enhance VIZIO's strategic initiatives in delivering innovative entertainment technologies. VIZIO's CEO William Wang expressed enthusiasm about Mohan's leadership and insights into the consumer electronics sector, which align with the company's growth and innovation focus.

Positive

• Mike Mohan's appointment is expected to provide valuable insights from his extensive retail experience.
• Mohan's leadership at Best Buy may strengthen VIZIO's strategic direction in consumer electronics.

Negative

• None.

IRVINE, Calif.--(BUSINESS WIRE)-- VIZIO (NYSE: VZIO) announced today that R. Michael (Mike) Mohan, former President and COO of Best Buy Co., Inc., has been appointed to the company's board of directors.

VIZIO Appoints Former Best Buy President and COO, Mike Mohan to Board of Directors (Photo: Business Wire)

Mohan is a seasoned retail leader who will bring great insights and experience to VIZIO. At Best Buy, he was responsible for all aspects of global operations, including sales, merchandising, marketing, supply chain management, services, and new business initiatives across more than 1,400 stores and online channels worldwide.

“As an accomplished business leader and experienced board member, we are excited to welcome Mike to VIZIO’s board of directors,” said VIZIO's Chairman of the Board, Founder and CEO William Wang. “His deep understanding of the consumer electronics industry will be invaluable as we continue executing on our strategy to provide innovative entertainment technologies at the center of the connected home.”

Mohan joined Best Buy in 2004 and served in a variety of leadership roles, including COO of its U.S. business, and Chief Merchandising and Marketing Officer. Through these roles, Mohan demonstrated his extensive retail industry expertise, management experience and digital marketing acumen. He also serves on the Board of Directors of Bloomin' Brands, Inc., Petco, Jackson Family Wine and is a former national trustee for the Boys & Girls Club of America.

“VIZIO is in the midst of tremendous growth with an entrepreneurial culture focused on innovation,” said Mike Mohan. “It’s an honor to join VIZIO’s board of directors and the team of talented business leaders dedicated to revolutionizing the future of entertainment for millions of consumers.”

About VIZIO

Founded and headquartered in Orange County, California, our mission at VIZIO Holding Corp. (NYSE: VZIO) is to deliver immersive entertainment and compelling lifestyle enhancements that make our products the center of the connected home. We are driving the future of televisions through our integrated platform of cutting-edge Smart TVs and powerful operating system. We also offer a portfolio of innovative sound bars that deliver consumers an elevated audio experience. Our platform gives content providers more ways to distribute their content and advertisers more tools to connect with the right audience.

For more information, visit VIZIO.com and follow VIZIO on Facebook, Twitter, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230227005348/en/

Press Contact for VIZIO:

Melissa Hourigan

Fabric Media

720-608-1919

melissa@fabricmedia.net

Source: VIZIO Holding Corp

FAQ

Who is Mike Mohan and what is his background?

Mike Mohan is the former President and COO of Best Buy, with extensive experience in global retail operations.

What role will Mike Mohan play at VIZIO?

Mike Mohan has been appointed to VIZIO's board of directors to provide strategic insights and guidance.

How does Mike Mohan's experience benefit VIZIO?

His background in the consumer electronics industry at Best Buy is expected to enhance VIZIO's operational strategies.

What is VIZIO's mission?

VIZIO aims to deliver immersive entertainment and enhance lifestyles through its innovative Smart TVs and sound bars.

When was the announcement of Mike Mohan's appointment made?

The announcement was made on February 27, 2023.