Eliminated: Overstock parent Beyond restructures senior management

(Source: Overstock/Facebook)

Beyond, parent of Overstock, Bed Bath & Beyond, and Zulily, has announced the elimination of its co-chief executive roles as part of the “structural changes” to its leadership team.

The company has also eliminated the dual chief merchant roles and expanded its executive chairman role.

Chandra Holt has departed the company as a result, and the marketing and merchandising leadership functions were streamlined across all three brands.

Dave Nielsen was appointed president, overseeing the marketing, merchandising, and supply chain functions for Beyond. 

Adrianne Lee will continue as chief financial and administrative officer, and Marcus Lemonis will continue his increasingly active role as executive chairman.

Lemonis said the company focuses on achieving profitability, and that the “streamlining and flattening” of the organization will help yield greater efficiencies and better results.

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