NewsBreak: Bed Bath & Beyond Names New CEO; Soars Postmarket

This post was originally published on this site
© Reuters. © Reuters. – Retailer Bed Bath & Beyond (NASDAQ:) rallied sharply in after-hours trading as the company named the former chief marketing officer of Target (NYSE:) as its new chief executive.

  • Mark Tritton will start as the CEO on Nov. 4, taking over from interim CEO Mary Winston.
  • Shares of Bed Bath & Beyond jumped more than 20% postmarket.
  • “Mark’s ability to re-define the retail experience and drive growth at some of the world’s most successful retailers and brands makes him uniquely equipped to lead Bed Bath & Beyond during this critical time in our evolution,” the company said in a statement. “As an integral contributor to Target’s impressive transformation, we will benefit from his vision, leadership, and creativity to successfully transform our business.”
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.