Dave Nielsen, Beyond's president since 2019, was today named interim CEO.
Share on email The news of Johnson's exit came days after activist hedge fund JAT Capital, which has a 9.6% stake in the company, called for his removalMonday was also the day that the corporate name Overstock.com, Inc. changed to Beyond, Inc. and its stock listing changed from OSTK to BYON."We've looked at Bed Bath for about two and a half, three years," Johnson previously told Axios.
One reason for rebranding was confusion over the Overstock name. The company started as an online liquidator in 1999 but "for two decades that is not what we've been," Johnson told Axios.Johnson, who had been CEO since 2019 and with the company for 20 years, said in a news release that as "the company turns the page to become Beyond, now is the right time for me to also turn the page to the next chapter in my career.
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Bed Bath & Beyond CEO Steps Down as Overstock Rebrands Into BeyondCEO Jonathan Johnson stepped down Monday the first day Overstock made its transition to newly named Beyond
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Activist investor forces out CEO of rebranded Bed Bath & BeyondJAT Capital, which owns a 9.6% stake in Beyond, last week urged the board to replace CEO Johnson, arguing that he is to blame for the company’s poor financial performance.
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Overstock’s CEO plans to win Bed Bath & Beyond customers backBed Bath & Beyond.com CEO Jonathan Johnson said the company invested $150M to launch the brand, reignite the customer profile and ensure it maintained its core customers as it begins trading on the NYSE.
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The new Bed Bath & Beyond's CEO is out just as the retailer transitions from Overstock.comThe CEO of the new Bed Bath & Beyond suddenly left the position Monday, the same day the company’s planned corporate name change took effect.
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The new Bed Bath & Beyond's CEO is out just as the retailer transitions from Overstock.comThe CEO of the new Bed Bath & Beyond suddenly left the position Monday, the same day the company's planned corporate name change took effect.
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The new Bed Bath & Beyond's CEO is out just as the retailer transitions from Overstock.comThe CEO of the new Bed Bath & Beyond suddenly left the position Monday, the same day the company’s planned corporate name change took effect.
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