Beyond Inc (BYON) has released an update.
Beyond, Inc. has announced significant leadership changes including Chandra Holt becoming the Division CEO of Bed Bath & Beyond and co-principal executive officer, bringing her extensive experience from companies like Walmart and Conn’s, Inc. Additionally, David Nielsen and Adrianne Lee have been appointed as Division CEO of Overstock and CFO & Administrative Officer, respectively. They, along with Holt, have entered into new employment agreements detailing their salaries and bonuses, as well as performance-based stock awards contingent on achieving specific stock price and net revenue targets. These corporate moves and compensation plans aim to drive Beyond’s growth and are subject to shareholder approval at the upcoming annual meeting.
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