Bed Bath & Beyond has appointed Harriet Edelman as independent chair of the board, effective immediately. Patrick Gaston has stepped down as chairman of the board and, after 13 years as a director of the company, has notified the board that he does not plan to stand for re-election at the company’s 2020 annual meeting of shareholders.
Edelman is an accomplished senior executive with over 30 years of global operating experience in consumer goods and financial services. She has served on large public company boards for nearly 20 years in the U.S. and Europe. She is currently special advisor to the chairman of Emigrant Bank, and previously spent over 25 years at Avon Products, Inc. until 2008, rising to senior leadership positions in marketing, sales, new product development, business strategy and transformation, global supply chain and information technology.
Mark Tritton, Bed Bath & Beyond president and CEO, said, “I am extremely grateful to Patrick for his stewardship and guidance since I joined the company, including his support through the COVID-19 situation. He has helped oversee substantial change in the governance, leadership and strategic direction of the business and leaves a strong legacy from which we can build. I want to congratulate Harriet on her appointment as chair of the board. She has an unparalleled passion for our business and I look forward to working constructively with her and the board as we continue to execute our vision together.”
In connection with Edelman’s appointment as chair of the board, she has stepped down as chair of the audit committee. The board has appointed Joshua Schechter as chair of the audit committee, effective immediately.