Bed Bath & Beyond Accelerating Board Refreshment Program
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%.
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(END) Dow Jones Newswires
April 10, 2019 16:51 ET (20:51 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.