Bed Bath & Beyond CEO Steven Temares steps down, Winston named interim CEO
Bed Bath & Beyond announced that Mary Winston has been appointed Interim CEO, effective immediately. Steven Temares has stepped down as CEO and resigned as a member of the Bed Bath & Beyond Board. The Board has formed a CEO search committee to identify a permanent CEO and will retain an executive search firm to assist in the search process. The Board's search process will focus on individuals who have transformation and innovation experience in the retail sector. In addition, the Board appointed Andrea Weiss, a long-time retail executive who also recently joined the Bed Bath & Beyond Board, as Chair of the Business Transformation and Strategy Review Committee, which will be responsible for ensuring that all aspects of the company's ongoing business transformation are addressed. Weiss and the Committee will work closely alongside Winston in her role as Interim CEO and the other members of the leadership team to identify opportunities for rapid performance improvement of both short- and long-term results.