Bed Bath & Beyond's CEO Departs Amid Transition from Overstock.com
Bed Bath & Beyond's CEO, Jonathan Johnson, has abruptly stepped down from his position as the company transitions from Overstock.com and undergoes a corporate name change to Beyond Inc. David Nielsen, the company's president, has taken over as interim CEO while the board searches for a permanent candidate. Johnson's departure, described as a mutual agreement, comes as a surprise, as the company had previously indicated he would be available for meetings on the same day as the corporate name change. Johnson had been with the company for over 20 years and became CEO after the disclosure of a relationship between the founder and a Russian spy.