A trio of investor firms have openly criticized longtime chief Steven Temares for the company’s « prolonged poor performance »
Struggling to find its footing amid retail upheavals, Bed Bath & Beyond announced Monday that CEO Steven Temares stepped down from his position following activist investor demand for his resignation. Temares also resigned as a member of the company board.
Mary Winston, who recently was appointed to the company board, will take over as interim CEO until the board finds a permanent successor. Winston previously held executive vice president and chief financial officer positions at Family Dollar and Scholastic.
The company also announced Andrea Weiss will head a committee evaluating how to improve short- and long-term performance at the floundering retailer.
