Tuesday, May 14, 2019

Bed Bath & Beyond’s Woes Extend Beyond Its CEO

NREI
Finally, Bed Bath & Beyond Inc. has acknowledged what has been obvious from the outside for a while: Its longtime CEO isn’t the right person to revive the deeply troubled home-goods chain.

The company announced Monday that Steven Temares, who had held the top job since 2003, has departed that role. Mary Winston, a new board member who previously served as CFO of Family Dollar, has been appointed interim CEO. The leadership shuffle comes after a coalition of activist investors called for sweeping changes at the big-box retailer. . . . more