In a letter to shareholders sent by board chairman Patrick Gaston and interim CEO Mary Winston, Bed Bath & Beyond stated it was advancing on its strategic objectives including consolidation of non-core business at a time when there is speculation that the company will begin to sell at least some assets.
Patrick Byrne has resigned from his Overstock.com roles as CEO and member of the board of directors, and the company has appointed Jonathan Johnson interim CEO. The announcement was made by Allison Abraham, the chair of the company’s board of directors.
Ahold Delhaize USA’s Mark McGowan, president of the Stop & Shop supermarket chain, has decided to leave the organization. He will be replaced by Gordon Reid, president of the company’s Giant Food division.
Corie Barry has officially taken the helm of Best Buy, becoming the fifth CEO in the company’s 53-year history. She replaces Hubert Joly, who led the company through a successful turnaround over the past seven years and will now become executive chairman as part of a planned leadership transition.
Emerald Expositions, parent company of NY Now, said its board of directors has appointed Sally Shankland to the position of president and CEO. Shankland will assume her new role on June 1, 2019 and will remain a member of the company’s board of directors.
After continued pressure from an activist investor group, Bed Bath & Beyond has announced the departure of long-time CEO Steven Temares.