Bed Bath & Beyond Announces Financial Leadership Changes

Days after the departure of CEO Mark Tritton, home retailer Bed Bath & Beyond has shared two new leadership updates.

Effective immediately, Laura Crossen will serve as the company’s Senior Vice President of Finance and Chief Accounting Officer, and Susie A. Kim will serve as the Senior Vice President of Treasury and Investor Relations.

"We are pleased to elevate Laura and Susie, who are accomplished leaders, have deep expertise and understanding of our business, and are ideal fits for these roles," said Gustavo Arnal, Executive Vice President and Chief Financial Officer. 

Crossen will lead Bed Bath & Beyond's team that is responsible for executing the company's global accounting operations, financial reporting and tax functions. She has been with Bed Bath & Beyond since 2001 and most recently served as Senior Vice President, Treasury, Tax, and Finance Transformation. 

Kim, formerly the Vice President of Investor Relations, joined Bed Bath & Beyond last year. Prior to joining Bed Bath & Beyond, she served as Treasurer and Vice President of Investor Relations for ABM Industries, where she was one of ABM's youngest executive officers.

The leadership shake-up comes following a difficult first quarter that saw net sales drop 25% to $1.46 billion. Company-wide comparable store sales were down 23% that included a 27% drop in comp-store sales at Bed Bath & Beyond banner stores and a mid-single digits drop in same store sales at buybuy Baby.