For Immediate Release:
February 5, 2002

Contact: 

Ken Sunshine, 212.691.2800 
Susan B. L'Ecuyer, 856.596.2221   

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Best Buy's Wade Fenn To Deliver NARM Keynote
  

   Wade Fenn, President of Entertainment and Strategic Business Development for Best Buy Co., Inc., will deliver the Keynote Address at the Closing Business Session on Thursday, March 12, during the 2002 NARM Convention & Trade Show featuring the Association for Independent Music.


    In his present position, Fenn is responsible for developing business initiatives within the companyıs home and personal networks and entertainment ecosystems. He recently led a team whose work culminated in the strategic alliance with Microsoft Corp.


    "It's no accident that Best Buy has several times been the winner of NARM's Large Retailer of the Year Award," said NARM President Pamela Horovitz. "Clearly, Wade Fenn has been a key factor in making Best Buy the innovative entertainment marketing force it has become and will have much insight to offer about the changing face of music retailing."


    Wade Fenn joined Best Buy in 1980, and during his 21-year tenure, the company has grown from a $4 million to a $21 billion corporation. He has served as a salesman, store manager, district manager, regional vice president, and senior vice president of sales.


    As senior vice president of sales from 1991-95, Fenn was charged with 100 retail stores and national operations. Notably, he directed the successful competitive effort against Highland Superstores and Circuit City's entrance into the Midwest.


    Later named Executive Vice President of Marketing, Fenn was responsible for all marketing, merchandising, advertising, and inventory teams. He led a re-engineering initiative with Andersen Consulting called "Process to Profits," which sought to revitalize assortments, advertising effectiveness, and supply chain initiatives.


    NARM serves the music retailing community in the areas of advocacy, networking, information, education, and promotion. The Association's more than 1,000 members include retailers, wholesalers, distributors, and suppliers of products and services. NARM has joined with the Association for Independent Music to blend AFIM events into the 2002 NARM Convention & Trade Show.