Beyond Inc. CEO Jonathan Johnson has stepped down as CEO and from the company’s board, the former Overstock.com Inc.
OSTK
announced Monday. Johnson’s departure follows a mutual agreement between the CEO and the board to transition the company to new leadership, according to a statement. Beyond President David Nielsen has been appointed to an expanded role as Interim CEO and president. An internal and external search is now underway to find a permanent CEO, the company said. Overstock.com Inc. has operated as Bed Bath & Beyond following its acquisition of that bankrupt company’s intellectual property in June. Last month Overstock.com announced that it is changing its corporate name to Beyond Inc., transferring its stock listing to the New York Stock Exchange from Nasdaq, and changings its ticker to BYON, effective Nov. 6. Overstock.com shares have fallen 13.3% in 2023, compared with the S&P 500 index’s
SPX,
+0.18%
gain of 13.5%.