Midvale, Utah – On the identical day Overstock.com formally modifications its company identification to Beyond Inc., the corporate introduced its CEO is stepping down.
Past Inc. mentioned Jonathan Johnson has stepped down as chief govt officer and a member of the board of administrators, efficient instantly.
“Mr. Johnson’s departure follows mutual settlement by the board and Mr. Johnson to transition the corporate to new management,” the corporate introduced.
Whereas the corporate searches for his successor, president David Nielsen is taking up the expanded position of interim CEO. As well as, CFO Adrianne Lee will develop her tasks to supervise authorized and human assets features along with the finance group.
“Following the latest acquisition of the Mattress Tub & Past model and our company renaming as Past, Inc., the board and Jonathan decided that that is the best time for a transition in management to information the corporate ahead,” mentioned Allison H. Abraham, board chair. “Jonathan has been integral to the corporate’s profitable evolution over greater than 20 years of service.
Johnson joined the corporate greater than 21 years in the past as normal counsel. He served as appearing CEO for a temporary interval in 2013 and have become full-time CEO in September 2019.
“As the corporate turns the web page to turn into Past, now could be the appropriate time for me to additionally flip the web page to the following chapter in my profession,” mentioned Johnson.
The corporate has additionally been strain from hedge fund JAT, which has been calling for a management change. In a submitting on Nov. 3, it straight referred to as for Johnson to step apart.
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