MIDVALE, Utah - Beyond, Inc. (NYSE: BYON), the parent company of Bed Bath & Beyond (OTC:BBBYQ) and Overstock.com (NYSE:BYON), announced Monday the appointment of Marcus Lemonis as Executive Chairman of its board of directors, effective immediately. Lemonis, who has served as a director of Beyond since October 2023 and as Chairman of the board since December 2023, will now work closely with the management team to lead Beyond's strategic initiatives.
Lemonis's extensive experience in business development and retail is expected to guide Beyond's growth, with a focus on expanding customer offerings, driving operational excellence, and enhancing shareholder value. "His extensive experience and strategic insight have been instrumental in evolving our company since he joined the board," said William Nettles, Independent Board Member and Chair of the Audit Committee.
Known for his role as Chairman and CEO of Camping World Holdings (NYSE:CWH), Inc., Lemonis has a track record of scaling businesses. He is also recognized for his business advice on CNBC's "The Profit" and his guidance on home improvement on the TV show "The Renovator."
As part of his compensation, Lemonis will not receive a salary or guaranteed equity. Instead, his compensation will consist entirely of performance-based stock options, with stock price hurdles set to align his rewards with the creation of long-term stockholder value.
Beyond, Inc. specializes in ecommerce, connecting consumers with products they love. The company owns several online retail brands, including the Bed Bath & Beyond brand and associated intellectual property. The announcement of Lemonis's new role is based on a press release statement.
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