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Best Buy Canada announces Mat Povse as new president

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Best Buy Canada announced Wednesday that Mat Povse is the company’s new President.

Mat, a familiar face within the company, steps into this role after an impressive 11-year journey with the retailer, said the company.

Prior to President, he held several roles in the company, most recently as Senior Vice President of Best Buy Retail, Geek Squad Services and Best Buy Business, where he and his team were responsible for hundreds of stores, thousands of Blue Shirts and Agents and millions of customers, said the retailer.

Best Buy Canada announces Mat Povse as new president (CNW Group/Best Buy Canada Ltd.)

In his time, his teams spearheaded transformative initiatives such as the introduction of small format stores and the launch of its Canada’s membership and Monthly Subscription programs, significantly boosting customer and employee engagement. His teams also grew Wireless, Home Theatre, and led the national expansion of Major Appliances, added the company.

“Mat’s passion for connecting with people, solving problems, and continuous improvement shines both at work and at home. He believes in creating a workplace that everyone loves, valuing time, and having fun along the way.”

“It’s really simple. It’s up to all of us to create a place we love, to spend others’ time well, and to have fun while we’re at it – it’s amazing to work for a company whose values are ones not just to work by, but to live by,” said Povse. 

The selection followed a rigorous process involving input and voting by the company’s Board of Directors, CEO, and US Executive team. He succeeds Ron Wilson, who recently retired after an incredible 34-year career with the company.

The company operates the Best Buy, Best Buy Mobile, Best Buy Express and Geek Squad (www.geeksquad.ca) brands. There are over 320 stores across Canada.

Mario Toneguzzi
Mario Toneguzzi
Mario Toneguzzi, based in Calgary, has more than 40 years experience as a daily newspaper writer, columnist, and editor. He worked for 35 years at the Calgary Herald covering sports, crime, politics, health, faith, city and breaking news, and business. He is the Co-Editor-in-Chief with Retail Insider in addition to working as a freelance writer and consultant in communications and media relations/training. Mario was named as a RETHINK Retail Top Retail Expert in 2024.

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