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6/29, 2:06 PM (Source: TeleTrader)
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Bed Bath & Beyond CEO leaves company

Bed Bath & Beyond Inc. announced on Wednesday that its CEO and President Mark Tritton has left the company.

Sue Gove, who serves as an independent director on the board and as chair of the board's Strategy Committee, will be replacing Tritton as interim CEO. In addition, Mara Sirhal has been promoted to executive vice president and chief merchandising officer positions.

"After thorough consideration, the Board determined that it was time for a change in leadership... We are committed to addressing the urgent issues that have been impacting sales, profitability, and cash flow generation," Board of Directors Independent Chair Harriet Edelman noted after the company reported underwhelming first-quarter results earlier in the day.

Baha Breaking News (BBN) / MS