board of directors
The board of directors of Overstock has appointed William Nettles as a new independent director. Nettles is a co-founder and managing partner of Invictus Growth Partners, a private equity firm located in San Francisco that invests in and advises automation-enabled technology companies.
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.
Williams-Sonoma’s Adrian Bellamy will retire as chair of the board of directors, effective June 3, 2020, the date of the company’s annual meeting of stockholders. The board has appointed Scott Dahnke to succeed Bellamy as the new chair.
Nordstrom has appointed two new members to its board of directors: Jim Donald, co-chairman of Albertsons board of directors and Mark Tritton, president and CEO of Bed Bath & Beyond.
Bed Bath & Beyond has received Executive Women of New Jersey’s (EWNJ) 2019 Corporate Board Gender Diversity Award in recognition of the company’s impactful level of gender inclusion by having three or more women on its board of directors.
An activist investor group, Legion Partners Holdings, Macellum Advisors and Ancora Advisors, said that Legion has filed a complaint in the U.S. District Court, Southern District of New York against Bed Bath & Beyond regarding the group’s proxy fight.
Following Bed Bath & Beyond’s recent changes to its board, an activist investor group composed of Legion Partners Holdings, Macellum Advisors and Ancora Advisors, have released a presentation outlining its strategic plan for the retailer. Within hours, Bed, Bath & Beyond responded.
Rite Aid’s board of directors has appointed Elizabeth Burr, who most recently served as chief innovation officer and vp/health care trend and innovation at Humana, and Katherine Quinn, who currently serves as vice chairman and chief administrative officer of U.S. Bancorp, to the company’s board.
TTU has announced that Amir Tehrani, a partner of the company, has joined the company’s board of directors and will also assume a senior leadership role. The news, according to a statement on the TTU website, comes on the heels of Dar Molayem, co-founder, president and CMO, announcing his retirement.
Activist investor Starboard Value, which has pushed for changes at Dollar Tree, has decided to withdraw its slate of nominees for election to Dollar Tree’s board of directors at the 2019 annual meeting of shareholders.
Bed Bath & Beyond has released a statement in response to a press release issued by Legion Partners Asset Management, Macellum Advisors GP and Ancora Advisor following reports that the three investor groups are looking to replace the company’s board of directors and CEO.