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Chairpersons

Beyond, Inc. Announces Allison H. Abraham's Retirement and Transition of Leadership

Strategic Insights

— 1 min read

Allison H. Abraham, a long-serving Director of Beyond, Inc., has decided to retire, effective immediately, citing personal reasons for her departure. Abraham has been a key figure in the company's strategic growth and evolution, particularly during its recent acquisition of Bed Bath & Beyond. As part of the transition, Marcus Lemonis, a seasoned entrepreneur and investor, will assume the role of Chairman of Beyond's Board of Directors. Abraham expressed gratitude to the board, management, and shareholders for their support, while Lemonis praised her invaluable contributions to the company's growth and success.

Key Takeaways:

  • Allison H. Abraham has resigned as a Director of Beyond, Inc., effective immediately, due to personal reasons.
  • Marcus Lemonis will transition to the role of Chairman of Beyond's Board of Directors.
  • Abraham has been a key figure in the company's growth and evolution, including the acquisition of Bed Bath & Beyond.
  • The company intends to fill Abraham's vacant Board seat in the near term with a suitable candidate.
  • Abraham has successfully guided the company through multiple business transitions, including the recently completed brand acquisition of Bed Bath & Beyond.
  • The company has evolved into a leading furniture and home furnishings e-commerce retailer with a solid path to growth.

Statistics:

  • The company owns the Bed Bath & Beyond brand and associated intellectual property.
  • Bed Bath & Beyond is an online furniture and home furnishings retailer in the United States and Canada, with millions of products and tens of millions of customers visiting each month.
  • The company has filed 6 quarterly reports with the SEC in 2023, including Form 10-Q for the quarter ended September 30, 2023.

Sources:

  • GlobeNewswire, "Beyond, Inc. Announces Allison H. Abraham's Retirement and Transition of Leadership" (December 11, 2023)
  • Beyond, Inc., Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (filed with the SEC on February 24, 2023)
  • Beyond, Inc., Form 10-Q for the quarter ended March 31, 2023 (filed with the SEC on May 2, 2023)
  • Beyond, Inc., Form 10-Q for the quarter ended June 30, 2023 (filed with the SEC on July 31, 2023)
  • Beyond, Inc., Form 10-Q for the quarter ended September 30, 2023 (filed with the SEC on October 31, 2023)

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