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NewsBreak: Bed Bath & Beyond Names New CEO; Soars Postmarket

Investing.com

Investing.com - Retailer Bed Bath&Beyond (NASDAQ:BBBY) rallied sharply in after-hours trading as the company named the former chief marketing officer of Target (NYSE:TGT) as its new chief executive.

Mark Tritton will start as the CEO on Nov. 4, taking over from interim CEO Mary Winston.

Shares of Bed Bath&Beyond jumped more than 20% postmarket.

"Mark's ability to re-define the retail experience and drive growth at some of the world's most successful retailers and brands makes him uniquely equipped to lead Bed Bath&Beyond during this critical time in our evolution,” the company said in a statement. “As an integral contributor to Target's impressive transformation, we will benefit from his vision, leadership, and creativity to successfully transform our business."

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