Beyond names new principal executive officer
Beyond, Inc. is making a number of changes to its C-suite.
The owner of Bed Bath & Beyond, Overstock and Buy Buy Baby has announced that executive chairman Marcus Lemonis has been named as the company’s principal executive officer. Dave Nielsen has departed the company after serving as president and principal executive officer since June 2024.
Lemonis joined Beyond as a director in October 2023, and was appointed chairman of the board in December 2023. In February 2024, Lemonis was named executive chairman. As principal executive officer, Lemonis will be tasked with driving the execution of Beyond's strategic priorities, while leveraging technology, strategic partnerships and brand expansion.
Lemonis has also served as the chairman and CEO of both RV travel services company Good Sam and RV retailer Camping World since 2003.
[READ MORE: Parent of Bed, Bath & Beyond narrows loss; finalizes Buy Buy Baby acquisition]
“The last year has been about identifying Beyond’s strategic priorities of delivering significant improvement in the key metrics of Adjusted EBITDA, gross margin and reduced fixed costs as well as unlocking the value of our blockchain investments,” said Lemonis. “We are committed to making money and returning this business to growth and will not let any obstacles deter that goal. This leadership team is best suited to carry out our mandate of delivering profitable commerce.”
Beyond has also named Adrianne Lee as its president and chief financial officer. Lee has spent more than a year as chief financial & administrative officer, and previously served as CFO for four years. Lee will work closely with Lemonis to “accelerate the company on its path to profitability to support future growth and success.”
"I am honored to take on expanded responsibilities as president and CFO,” said Lee. “Over the past year, I’ve had the opportunity to work closely with the team and know what is needed to accelerate change. I look forward to driving our strategic priorities and positioning Beyond for long-term success. Importantly, in the near-term, that means identifying and driving tactics to return our core commerce business back to profitability and extracting value from our blockchain investments.”
Beyond’s other leadership promotions include the following:
- Leah Putnam, former VP of finance and controller, has been appointed chief accounting officer. She has been with Beyond since August 2020 and has served in finance-focused roles of increasing responsibility.
- Alexander Thomas, former senior VP of finance and corporate development, will now serve as chief operating officer of Beyond. Thomas joined Beyond in March 2024 after holding multiple roles at Overstock, including chief operating officer.
