Meet Sue Gove CEO Of Bath And Beyond

Bed Bath & Beyond's sales are spiraling.
Bed Bath & Beyond's sales are spiraling.( Source : theancestory )

An American chain of domestic merchandise retail stores, Bed Bath & Beyond Inc. was founded in 1971. 

Bed Bath & Beyond Inc operates many stores in the United States. Canada, Mexico, and Puerto Rico are involved.

Interim Chief Executive Officer Sue Gova
Interim Chief Executive Officer Sue Gova( Source : gcs-web )

On June 29, 2022, Bed Bath & Beyond Inc. announced significant changes to the Company’s senior leadership to focus on reversing recent results, addressing supply chain and inventory, and strengthening its balance sheet.

Sue Gove, an Independent Director on the Company’s Board of Directors and Chair of the Board’s Strategy Committee, has been named Interim Chief Executive Officer, replacing Mark Tritton, who has left his role as President and Chief Executive Officer and as a member of the Board.

Ms. Gove has been an Independent Director of Bed Bath & Beyond Inc. since May 2019. Throughout her tenure, Sue served two years as a member of the Audit Committee and three years as a member of the Nominating and Corporate Governance committee.

About Sue Gove

Bed Bath & Beyond Appoints Sue Gove as Interim CEO
Bed Bath & Beyond Appoints Sue Gove as Interim CEO ( Source : medadmbjmc )

An Independent Director of Bed Bath & Beyond Inc. Ms. Gove was born in 1958.  She began her career as an accountant with Zale Corp in 1980, leaving in 2006 as EVP and COO.

Ms. Gove is the founder of Excelsior Advisors, LLC, a retail consulting and advisory firm, where she has advised clients on key issues impacting the retail industry since 2014. She previously worked at The Fresh Market as a Board Member. 

She served as a Senior Advisor for Alvarez & Marsal, a global professional services firm, from March 2017 to March 2019. Ms. Gove has been an Independent Director of Bed Bath & Beyond Inc. since May 2019. In March, she was named Chair of the Board's Strategy Committee. 

In addition, Ms. Gove has served on various public company boards within the retail industry, providing significant leadership experience in August 2014.

Ms. Gove said, "We must deliver improved results. Our shareholders, Associates, customers, and partners all expect more. We are committed to providing customers with a one-stop destination to meet their needs through our assortment, experience, and services, whether online or in stores. Top-tier execution, careful management of costs, greater supply chain reliability, prudent capital spending, a stronger balance sheet, and robust digital capabilities will all be important to our success. I'm eager to start working more closely with our leaders and our Associates across all banners to make the necessary strategy adjustments and create a brighter future for Bed Bath & Beyond Inc."

About Bed Bath & Beyond Inc

 Bed Bath & Beyond for the best bedding, bathroom, kitchen, and home décor
Bed Bath & Beyond for the best bedding, bathroom, kitchen, and home décor ( Source : forbes )

Bed Bath & Beyond Inc. is an American chain of domestic merchandise retail stores. Bed Bath & Beyond was founded in 1971. 

In 1971, they opened a store in SpringfieldNew Jersey, called Bed 'n Bath. By 1985, Eisenberg and Feinstein were operating 17 stores in the New York metropolitan area and California.

The company went public in June 1992, making its IPO on the NASDAQ stock exchange. Bed Bath & Beyond first reached $1 billion in annual sales in 1999.

The Company sells a wide assortment of merchandise in the Home, Baby, Beauty, and Wellness markets.

On May 13, 2019, Bed Bath & Beyond announced that CEO Steven Temares would step down “effectively immediately” and would resign his seat on the board of directors.

Due to the COVID-19 pandemic, the company announced it would close more than 200 stores, about 21%, over two years. In August 2022, the company announced the closure of 150 underperforming stores and the reduction of its corporate and supply chain staff by about 20%.

Sue Gove Net worth

Sue Gove has been an independent director of Bed Bath & Beyond Inc. She began her career as an accountant with Zale Corp in 1980, leaving in 2006 as EVP and COO.

Sue Gove has as Interim CEO at Bed Bath & Beyond and Founder & President at Excelsior Advisors.

Sue Gove Net Worth 2022 Update The CEO of Bed Bath and Beyond Inc., Sue Gove, is presently assessed to have total assets of generally $13.74 million, as per the Benzinga site. She is the proprietor of roughly 105,587units of Bed Bath & Beyond Inc common stock. 


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