Union, N.J. — Bed Bath & Beyond Inc. is undergoing an extensive restructure of its leadership team, including the departure of six senior members. The moves reflect the priorities of Bed Bath & Beyond’s new president and CEO, Mark Tritton, who will launch his new vision for the company in early 2020.
The new team will be charged with streamlining decision-making, accelerating the pace of transformation and reestablishing Bed Bath & Beyond’s authority in the home space through a more customer focused, omnichannel retail operation, a redefined product assortment and a more convenient and inspirational shopping experience.
“This is the first in a number of important steps we’re taking,” says Tritton. “Balancing our existing expertise with fresh perspectives from new, innovative leaders of change will help us to better anticipate and support our customers in their life journeys and shopping needs.”
In redefining the structure and roles of the new leadership team, five senior members are leaving their positions, including the chief merchandising officer, chief marketing officer, chief digital officer, chief legal officer & general counsel, and chief administrative officer. The sixth member, the chief brand officer, resigned last week. While interim leads have been appointed, the company has commenced a search to fill the positions of chief merchandising officer, chief digital officer, general counsel, as well as a newly combined chief marketing and brand officer position.
Bed Bath & Beyond Inc. and subsidiaries is an omnichannel retailer that sells a wide assortment of domestics merchandise and home furnishings. Additionally, the company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.
SOURCE: Bed Bath & Beyond Inc.