The Overstock board of directors has appointed Jonathan Johnson CEO. Johnson had been serving as interim CEO since August 22, 2019.
Johnson joined Overstock in 2002 as the company’s general counsel and has held various business and legal-related positions within the company, including five years as president, and later, as the acting CEO and executive vice chairman of the boards. He is also a member of Overstock.com’s board of directors and served as the chairman of the board of directors from 2014 to 2017. He continues to serve as president of Medici Ventures.
“Jonathan is a strong leader with a steady hand,” said Allison Abraham, chairwoman of Overstock’s board of directors. “He is the best choice to lead Overstock. He has the right experience in both our retail and blockchain businesses, and the board has confidence in his ability to deliver value to our shareholders.”
In addition, Overstock’s chief financial officer Greg Iverson has resigned, effective September 17. The company has appointed its previous principal financial officer, Robert Hughes, as acting chief financial officer and begun a search for a permanent CFO.
“Rob was the company’s svp/finance and risk management for five years and vp/controller for four years. He is intimately familiar with Overstock’s businesses and financial systems,” said Johnson. “Under his guidance, Overstock had steady and positive financial results and reporting. I’ve worked closely with Rob for many years and he is a great person to oversee our finance department while we look for a permanent CFO. I appreciate his willingness to step in during the transition. Rob will ensure the company does not miss a beat.”