Bed Bath & Beyond Appoints Executive Chairman Marcus Lemonis To Additional Role Of CEO

Bed Bath & Beyond, Inc. (NYSE:BBBY) has issued the following letter from Marcus Lemonis, Executive Chairman of Bed Bath & Beyond:

To Shareholders and Key Stakeholders of Bed Bath & Beyond,

For over 55 years, Bed Bath & Beyond has been a beloved and trusted retail brand. People understand the Bed. They understand the Bath. But even in pop culture, yes, even in movies and television, few could explain the "Beyond" part of our name. Many assumed it simply meant "everything else in the store."

"Beyond" means something far more than retail. It stands for our commitment to support the family, the four corners of their property and the four walls of their home. It includes providing Beyond Home Products and Services, Beyond Home Operating Systems, Home Transaction Platforms, Beyond Home Financial and Protection Products, Home Renovation and Maintenance Programs.

Today, I have decided to accept the position of Chief Executive Officer in addition to serving as the Executive Chairman of the Board of Bed Bath and Beyond, Inc.