Beyond Inc. on Tuesday named the former chief executive of HomePlus to lead its Bed, Bath & Beyond business, while promoting an executive to lead its Overstock unit.
Chandra Holt has joined Beyond Inc.
BYON,
as Chief Executive of Bed Bath & Beyond after she was Chief Executive since 2021 of the Conn’s Inc.
CONN,
HomePlus unit, which has more than 180 stores in 15 states. She’s also worked in executive positions at Walmart Inc.
WMT,
and Target Corp.
TGT,
Bed, Bath & Beyond went bankrupt last year and closed all of its stores before being turned into an online store when it was acquired by Overstock, which then changed its name to Beyond Inc.
Also read: Overstock’s plan to become Bed Bath & Beyond could double its sales, analyst says
Beyond Inc. also named Dave Nielsen as Chief Executive of Overstock. He has been with Overstock since 2009 including president from 2019 and was interim chief executive.
Adrianne Lee, the financial chief of Beyond Inc., will be be chief financial and administrative officer.
The moves come after Overtock.com rebranded itself as Beyond in November.
“Beyond is in the midst of a great transformation that required changes to the executive team structure in support of our strategic objectives to drive shareholder value,” said Marcus Lemonis, executive chairman of Beyond Inc.
In November, Beyond Inc. said Chairperson Allison Abraham will now share the chairperson title with Director Marcus Lemonis.
Beyond Inc. is the parent of Bed Bath & Beyond and the company formerly known as Overstock.
Beyond Inc.’s stock fell 0.4% in premarket trading on Tuesday. The stock is down by 6.5% in 2024, compared to a 5.1% rise by the Nasdaq
COMP.
Also in November, Overstock renamed itself Beyond Inc. and switched its listing to NYSE under the BYON ticker.
This story originally appeared on Marketwatch
