Bed Bath & Beyond Accelerating Board Refreshment Program

04/10/19 04:51 PM EDT
   By Josh Beckerman 
 

Bed Bath & Beyond Inc. (BBBY), which faces a proxy fight with activist investors, said it is accelerating its board refreshment program.

The company said Patrick Gaston has been named lead independent director and the board has reconstituted its nominating and corporate governance committee.

Bed Bath & Beyond "plans to announce additional changes to the Board, governance structure and compensation practices in the near future."

The company also reported fourth-quarter results Wednesday, including a comparable sales decline of about 1.4%.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

April 10, 2019 16:51 ET (20:51 GMT)

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