Beyond Inc. flattens leadership and merchandising structure

MIDVALE, Utah – Just four months after appointing a CEO specific to the Bed Bath & Beyond business, Beyond Inc. is restructuring its org chart.

The company this morning announced it has:

  • Eliminated the co-chief executive roles
  • Eliminated the dual chief merchant roles
  • Expanded the role of executive chairman Marcus Lemonis

Chandra Holt, the former Walmart exec who was named CEO of Bed Bath & Beyond this past February, has left the company.

Dave Nielsen has been appointed president, overseeing the marketing, merchandising and supply chain functions for Beyond, which includes Overstock, Bed Bath & Beyond Zulily and other online retail brands.

Nielsen, who joined the Overstock.com Inc. company in 2009, was elevated to CEO of that operation in February at the same time that Holt was brought on to run Bed Bath. Last November, he was named Beyond Inc. interim CEO/president on the ouster of former company CEO Jonathan Johnson.

In this morning’s announcement, the company did not specify what extra responsibilities Lemonis will take on. It simply stated that he “will continue in his increasingly active role as executive chairman.”

In a statement, Lemonis chalked up the restructuring to the company’s drive to achieve profitability.

“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,” he said. “I’m pleased with the sequential progress we are making and clearly see the path to our goal.”

See also:

  • Why Beyond Inc.’s leader is backing off from his $2 billion revenue forecast
  • Furniture in focus as Beyond Inc. redefines its role across key retail platforms

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