Major Leadership Moves Pushed Bed Bath & Beyond Stock 13% Higher Tuesday
Shares of Bed Bath & Beyond (NASDAQ: BBBY), the home furnishings retailer, jumped as much as 13% on Tuesday after the company announced an extensive shake-up of its leadership team.
Not even two months after taking the helm as Bed Bath & Beyond's next CEO, Mark Tritton, a former Target vice president, is making serious moves and setting a new tone. Five senior executives will be leaving their positions, including the chief merchandising officer, chief marketing officer, chief digital officer, chief legal officer and general counsel, and chief administrative officer. Add to that the chief brand officer's prior resignation.
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