Beyond Retools Executive Management Team

Beyond, Inc. the parent company of Overstock, Bed Bath & Beyond, Zulily, and other online retail brands has made “structural changes” to its leadership team and broader organization. 

Effective immediately, the company has eliminated the co-chief executive roles and dual chief merchant roles and has expanded the executive chairman role. 

As a result of these changes, Chandra Holt has left the company, and Dave Nielsen has been appointed president, overseeing the marketing, merchandising, and supply chain functions for Beyond. Adrianne Lee will continue in her role as chief financial and administrative officer, and Marcus Lemonis will continue in his increasingly active role as executive chairman.

“As a company, we are intent on achieving profitability,” said Lemonis. “We believe margin improvement, SG&A reduction, efficiency, and alignment are the key factors that will get us there, and we are therefore streamlining and flattening our organization to reflect what we believe will yield greater efficiencies and better results. I’m pleased with the sequential progress we are making and clearly see the path to our goal.”