Brian Dunn has officially stepped into the position of chief executive at Best Buy.

Dunn, a 24-year veteran of the company, had been the president and chief operating officer of the consumer electronics retailer.

“The current retail landscape creates an unprecedented opportunity for us to earn the business of new customers and grow share. We believe the value we can bring to people in helping them realise the full potential of their technology is literally universal, applicable everywhere,” said Dunn.

Dunn succeeds Brad Anderson, who served as Best Buy’s vice-chairman and chief executive for seven years.

Dunn joined Best Buy as a store associate in 1985, when the retailer operated only a dozen stores. He rose to store manager, then district manager, and progressed until he became senior vice-president of the East Coast region. He was named executive vice-president of US retail in 2002 and chief operating officer in 2006.

Best Buy is due to debut in the UK next year.