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Bed Bath & Beyond names Mark Tritton as President and CEO, stock soars

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Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York.

Mark Kauzlarich | Bloomberg | Getty Images

Shares of Bed Bath & Beyond spiked more than 17% in extended trading on Wednesday after the company announced Mark Tritton would become its new president and CEO effective Nov. 4.

Tritton will join Bed Bath & Beyond from Target, where he most recently acted as executive vice president and chief merchandising officer. He was instrumental in making shopping at Target seamless for customers whether they were in-store or purchasing items online. 

He also led many of Target’s recent store revamps, such as introducing private-label products and helped the company secure…



Source cnbc.com

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