#FDA expands #Recall of infant ibuprofen sold at #Walmart, #CVS, #FamilyDollar
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Under pressure, Bed Bath & Beyond's veteran CEO steps down
#BedBathAndBeyond, facing heavy pressure from a trio of activist investors, will replace its veteran chief executive as the struggling company attempts to survive upheaval in retail. #StevenTemares, who has been Bed Bath & Beyond's CEO since 2003, stepped down on Monday and resigned as a member of Bed Bath & Beyond's board of directors. Temares will be replaced on an interim basis by #MaryWinston, former chief financial officer at #FamilyDollar. She will be, for now, one of the handful of #Fortune500 female CEOs.
The company's board of directors said it will form a search committee to find a permanent CEO. It will try to find a CEO who has "transformation and innovation experience" in retail.
#BedBathAndBeyond, facing heavy pressure from a trio of activist investors, will replace its veteran chief executive as the struggling company attempts to survive upheaval in retail. #StevenTemares, who has been Bed Bath & Beyond's CEO since 2003, stepped down on Monday and resigned as a member of Bed Bath & Beyond's board of directors. Temares will be replaced on an interim basis by #MaryWinston, former chief financial officer at #FamilyDollar. She will be, for now, one of the handful of #Fortune500 female CEOs.
The company's board of directors said it will form a search committee to find a permanent CEO. It will try to find a CEO who has "transformation and innovation experience" in retail.