Allison Abraham and Marcus Lemonis to Serve as Co-Chairs of Beyond, Inc. Board of Directors
30 November 2023 - 12:30AM
Beyond, Inc., (NYSE: BYON) (“Beyond” or the “Company”), the parent
company of online furniture and home furnishings retailer Bed Bath
& Beyond, formerly known as Overstock, today announced that,
effective immediately, Allison H. Abraham and Marcus Lemonis will
serve as Co-Chairs of the Company’s Board of Directors.
Ms. Abraham said, “Marcus brings a wealth of experience as a
public company Chairman and CEO, with powerful operating knowledge
in retail, branding, and customer engagement. Both of us, along
with rest of the Board and management team, are unified in our
overarching goals of driving enhanced value for shareholders.”
Mr. Lemonis said, “I am intensely focused on working with the
management team to drive financial results, reduce operating costs
and review all performing and non-performing assets. While the team
has begun taking decisive actions to restructure the Company for a
better future, I am eager for what lies ahead in the months to
come.”
Dave Nielsen, Interim Chief Executive Officer and President, and
Adrianne Lee, Chief Financial Officer, said, “The entire management
team is acutely focused on delivering improved results and
appreciates the Board’s full support as we execute our plans.”
About BeyondBeyond, Inc. (NYSE:BYON), based in
Midvale, Utah, is an ecommerce expert with a singular focus:
connecting consumers with products they love. The Company owns the
Bed Bath & Beyond brand and associated intellectual property.
Bed Bath & Beyond is an online furniture and home furnishings
retailer in the United States and Canada. The leading ecommerce
website sells a broad range of quality, on-trend home products at
competitive prices, including furniture, bedding and bath, patio
and outdoor, area rugs, tabletop and cookware, décor, storage and
organization, small appliances, home improvement, and more. The
online shopping site features millions of products that tens of
millions of customers visit each month. Beyond regularly posts
information about the Company and other related matters on the
Newsroom and Investor Relations pages on its website.
Beyond, Bed Bath & Beyond, Welcome Rewards, Overstock and
Overstock Government are trademarks of Beyond, Inc. Other service
marks, trademarks and trade names which may be referred to herein
are the property of their respective owners.
Cautionary Note Regarding Forward-Looking
StatementsThis press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such forward-looking statements include all statements other than
statements of historical fact, including but not limited to
statements regarding future actions and business performance.
Additional information regarding factors that could materially
affect results and the accuracy of the forward-looking statements
contained herein may be found in the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 2022, filed
with the SEC on February 24, 2023, Form 10-Q for the
quarter ended March 31, 2023, filed with
the SEC on May 2, 2023, Form 10-Q for the quarter
ended June 30, 2023, filed with the SEC on July
31, 2023, Form 10-Q for the quarter ended September 30, 2023, filed
with the SEC on October 31, 2023, and in our subsequent filings
with the SEC.
ContactsInvestor Relations:Lavesh
Hemnaniir@beyond.com
Media Relations:Sarah Factorpr@beyond.com
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