Best Buy Chief Financial Advisor Leaving

Updated: 02/26/2013 1:26 PM By: Megan Matthews

Best Buy's Chief Financial Advisor announced he is leaving the company.

Jim Muehlbauer, who is also an executive vice president of Best Buy, made the announcement yesterday. He's been with the company since 2002.  Muehlbauer will stay with Best Buy through the 2013 fiscal year, which ends February 3.

Best Buy did not say why Muehlbauer is leaving.

It's the second major personnel move this month since turnaround expert Hubert Joly, joined the company in August. Former CEO Brian Dunn left in April amid a company investigation into an "improper relationship" with a 29-year-old female employee.

Last week the company named Expedia executive Scott Durchslag as senior vice president of Best Buy and president online and global e-commerce.

Meanwhile founder Richard Schulze is pursuing a possible buyout of the company. He already owns 20 percent of the Minneapolis retailer's stock and has suggested that he could pay $24 to $26 per share for the chain.