O.co CEO named executive of the year

SALT LAKE CITY— O.co, formerly Overstock.com, announced that its CEO, Dr. Patrick Byrne, was named executive of the year at the 2011 American Business Awards. O.co was also named best overall company (up to 2,500 employees).

"This is a great achievement for O.co," Byrne said. "I thank and applaud all my colleagues on this great achievement."

The 2011 American Business Awards attracted a record number of entries, with more than 2,800 entries from organizations of all types and sizes across the U.S.A. These entries were reviewed by 80 professionals in preliminary judging, and their average scores determined the finalists.