I'm eager to start working more closely with our leaders and our Associates across all banners to make the necessary strategy adjustments and create a brighter future for Bed Bath & Beyond Inc."
Top-tier execution, careful management of costs, greater supply chain reliability, prudent capital spending, a stronger balance sheet, and robust digital capabilities will all be important to our success. We are committed to providing customers with a one-stop destination to meet their needs through our assortment, experience, and services, whether online or in stores. Our shareholders, Associates, customers, and partners all expect more. Gove said, "We must deliver improved results. We are confident Sue brings the right combination of industry experience and knowledge of Bed Bath & Beyond's operations to lead the Company, focus our resources, and revise strategy, as appropriate."
We are committed to addressing the urgent issues that have been impacting sales, profitability, and cash flow generation. Today's actions address company performance, the macroeconomic conditions under which we are operating, and the expectations of the Board on behalf of shareholders. Our banner's heritage is built on the premise that when customers are shopping for the home, Bed Bath & Beyond is the perfect destination for unique solutions and inspiration. We must deliver that proposition for customers, drive growth, and unlock the value of the banners. Board of Directors, said: "After thorough consideration, the Board determined that it was time for a change in leadership. Harriet Edelman, Independent Chair of the Bed Bath & Beyond Inc. Sue Gove, an Independent Director on the Company's Board of Directors and Chair of the Board's Strategy Committee, has been named Interim Chief Executive Officer, replacing Mark Tritton, who has left his role as President and Chief Executive Officer and as a member of the Board.
(NASDAQ: BBBY) today announced significant changes to the Company's senior leadership to focus on reversing recent results, addressing supply chain and inventory, and strengthening its balance sheet. UNION, N.J., J/PRNewswire/ - Bed Bath & Beyond Inc. Independent Board Member Sue Gove Appointed Interim CEO CompanyĪdjusting Strategy and Focusing Resources to Improve Company Performance
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