Bed Bath & Beyond CEO Steven Temares steps down
It said Mary Winston will serve as interim CEO until a replacement is found. Temares is also resigning from Bed Bath & Beyond's board, the company said.
"The board determined that now is the right time to identify the next generation of leadership," said Patrick Gaston, independent chairman of the retailer's board. Bed Bath & Beyond, faced with pressure from a trio of activist investors Legion Partners Asset Management, Macellum Advisors and Ancora Advisors, recentlyThe activists had been pushing to replace the entire board and to oust Temares from the CEO role.
Temares has served as CEO since 2003. But he's held various other roles at the company for nearly three decades. More recently, Bed Bath & Beyond has struggled to grow sales as more shoppers head online to platforms like
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why every US company has a stake in Bed Bath & Beyond's heated boardroom warA Bed Bath & Beyond board shake-up led to the dismissal of a number of members who had been leading the retail company for close to two decades. The board, now majority female, younger and more diverse, is what its activist investors were looking for. But they are worried the new board's lack of relevant skill sets and retail experience will cut short any attempt to turn around the struggling retailer.
Read more »
Prince Charles opened a bed and breakfast that's just $200 a night — take a lookPrince Charles opened a bed and breakfast that's just $200 a night — take a look via CNBCMakeIt
Read more »
Prince Charles opened a royal bed and breakfast that's just $200 a night — take a lookPrince Charles opened a bed and breakfast that's just $200 a night — take a look. via CNBCMakeIt
Read more »
40 Lies Women Now Between The Ages Of 27 And 35 Told Themselves In Their Teen YearsFact: Mixing a bunch of Bath & Body Works body sprays did NOT give you a lovely signature scent.
Read more »
Martha Stewart’s favorite life hack: ‘two or three housekeepers’The homemaking queen also said she’s never suffered impostor syndrome, and was unaware of the glass ceiling.
Read more »
Cindy McCain reveals details of how her husband's beloved dog drownedThe Chesapeake Bay retriever 'Burma' was a fixture by the senator's side at the end of his life and wouldn't leave his bed after his death.
Read more »
Florida woman arrested for neglect after school reports poor hygiene, infestation of bugs in child's backpackThe Florida Department of Children and Families report stated that a second-grader in the family had worn the same clothing to school for an entire week and that the student's body odor was very strong. When asked about the time of their last bath, the student said they did not know.
Read more »