– USA, NJ – Bed Bath & Beyond Inc. (NASDAQ: BBBY) today announced the appointment of current interim CEO, Sue Gove as President and CEO. She will continue to serve on the Board of Directors.
“We are pleased to announce the appointment of Sue as CEO. Sue is the best person to serve at the helm of Bed Bath & Beyond and continue leading the Company,” said Board Chair, Harriet Edelman.
She added, “During her tenure as Interim CEO, Sue took consequential actions to increase liquidity and establish the groundwork to improve customer loyalty, traffic, and market share. Her intense focus on cash and expertise in managing working capital and liquidity are matched by a great operating mind and further complemented by a new leadership team that brings deep merchant, Omni, and digital expertise in modern retailing. A strong team builder and hands-on leader, Sue has earned the trust of associates across headquarters, stores, and operations and is working alongside our two Brand Presidents to support our important supplier community. On behalf of the Board of Directors and Bed Bath & Beyond’s leadership and associate teams, we congratulate Sue and are confident that her unique mix of talent, experience, and drive is best suited to deliver improved growth, profitability, and shareholder returns.”
Sue Gove said, “I look forward to continuing our important work alongside our highly engaged management team and Board as CEO. At Bed Bath & Beyond, we have never been more strategically and culturally focused, and I remain dedicated to executing our back-to-basics philosophy, accelerating our performance, and focusing on financial returns. I am also pleased with the completion of our ATM Program, and the possible launch of a new offering program, to further support and drive our strategic imperatives. To ensure our customers have access to an assortment of compelling brands, we are engaging our valued supplier community in new ways to strengthen relationships and foster collaboration. I am energized by the initiatives underway to provide our customers with an exceptional shopping experience, easily accessible products, and compelling values across our Bed Bath & Beyond, buybuy BABY, and Harmon brands. We have a significant opportunity ahead and we intend to regain our dominance as a preferred shopping destination.”
About Bed Bath & Beyond Inc.
Bed Bath & Beyond Inc. and its subsidiaries is an omnichannel retailer that makes it easy for our customers to feel at home. The Company sells a wide assortment of merchandise in the Home, Baby, Beauty, and Wellness markets. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.
For more information: https://www.bedbathandbeyond.com/
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