Overstock Appoints Marcus Lemonis to Board of Directors
03 Octobre 2023 - 2:30PM
The Board of Directors of Overstock.com, Inc.
(NASDAQ:OSTK) has appointed Marcus Lemonis as its newest
independent director, effective October 2, 2023.
Lemonis is currently the Chairman and Chief Executive Officer
(CEO) of Camping World (NYSE:CWH). He brings a broad and diverse
experience in growing and scaling companies from the inside out.
He’s well-known for improving small businesses on CNBC’s The Profit
where he helped them focus on their people, process, and products
to achieve stability and profitability. Lemonis also helps
homeowners improve the value and function of their homes on his hit
TV show, The Renovator. He has more than 25 years of business
development, corporate retail, and entrepreneurship experience.
Under his leadership and vision, Lemonis has grown Camping World
and Good Sam from the ground up to become the world’s largest RV
and outdoor retailer and affinity group. Today the company operates
in more than 40 states with over 13,000 employees. Good Sam, the
world’s largest affinity organization registers over 5.2 million
active consumers, spanning a host of products and services,
covering protective services, financial services, and lifestyle
products. His approach to business management is putting employees
first, ensuring a culture that allows people to thrive.
“We are delighted to welcome Marcus to the board,” said current
Overstock Chairwoman of the Board, Allison Abraham. “As a CEO of a
publicly traded company, he brings a wealth of experience in
leadership, retail, branding and customer engagement that will
complement the current board’s strengths and position the company
for growth and success. I am excited for Marcus to take on a larger
leadership role on the board in the future as we continue with our
transformation to the new Bed Bath & Beyond brand.”
“I am thrilled to augment our board with Marcus’s experience,”
said Jonathan Johnson, CEO of the new Bed Bath & Beyond and
board member. “With our recent acquisition of Bed Bath &
Beyond, it’s a transformational time for our company and his
expertise in growing and scaling businesses will be invaluable. I’m
confident that his strong business acumen will allow him to
meaningfully contribute to the company during this pivotal time. As
Marcus becomes more familiar with the company, I expect to work
closely with him as he takes a bigger and more meaningful role on
the board.”
“This appointment merges many of my personal and professional
interests,” said Lemonis. “Reinventing and reformatting businesses
is a passion and focus of mine. I’m excited about the opportunities
that lay ahead for the new Bed Bath & Beyond. I’m enthusiastic
about joining the company’s Board of Directors as it embarks on a
new phase of growth with an iconic consumer brand.”
With the addition of Lemonis, the Overstock board now has nine
members, eight of whom are independent.
About Marcus Lemonis
Many know him as the “business turnaround king” and star of
CNBC’s prime time reality series The Profit. Lemonis’ notoriety has
been established by his tenacity, shrewdness, and determination.
His biggest business success is as the chairman and CEO of Camping
World, the nation’s largest RV and outdoor retailer, and Good Sam,
the world’s largest RV owner’s organization. On his TV show, The
Profit, he lends his expertise to struggling small businesses
around the country, judging, and improving them with the “3P”
principle: “People / Process / Product.” Lemonis also helps
homeowners improve the value and function of their homes on his hit
TV show, The Renovator. For more information, visit
MarcusLemonis.com.
About Overstock.comOverstock.com, Inc.
(NASDAQ:OSTK) is a technology-focused innovator based in Midvale,
Utah and owner of the Bed Bath & Beyond brand and other
intellectual property related to the brand. Bed Bath & Beyond
is an online home furnishings and furniture retailer in the United
States and Canada. The leading ecommerce website sells a broad
range of new home products at low prices, including furniture,
décor, area rugs, bedding and bath, home improvement, and more. The
online shopping site features millions of products that tens of
millions of customers visit each month. Overstock regularly posts
information about the Company and other related matters on the
Newsroom and Investor Relations pages on its website.
Bed Bath & Beyond, Beyond, Welcome Rewards, Overstock, and
Overstock.com are trademarks of Overstock.com, Inc. Other
service marks, trademarks and trade names which may be referred to
herein are the property of their respective owners.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements include all statements other than
statements of historical fact, including but not limited to
statements regarding our board of directors and future actions.
Additional information regarding factors that could materially
affect results and the accuracy of the forward-looking statements
contained herein may be found in the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 2022, which was
filed with the SEC on February 24, 2023, Form 10-Q for the fiscal
quarter ended March 31, 2023, which was filed with the SEC on May
2, 2023, Form 10-Q for the fiscal quarter ended June 30, 2023,
which was filed with the SEC on July 31, 2023, and in our
subsequent filings with the SEC.
ContactsInvestor Relations:Lavesh
Hemnaniir@overstock.com |
Media Relations:Sarah Factorpr@overstock.com |
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