Bed Bath & Beyond's CEO is out as sales tumble
CNN
Bed Bath and Beyond CEO Mark Tritton is out after only three years at the helm of the rapidly sinking retailer.
The beleaguered company announced multiple changes to its leadership Wednesday, including replacing Tritton. In the interim, Bed Bath and Beyond has tapped Sue Grove, an independent director on the company's board, as its CEO until it fines someone permanent for the position.
"We must deliver improved results," Grove said in a statement. "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."
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