Mary Winston Becomes the First Black Woman to Lead a Fortune 500 Company Since Ursula Burns

She served on Bed, Bath & Beyond’s Board of Directors prior to being named interim CEO and hopes to drive change within the company. She is replacing Steven Temares who stepped down earlier this month after serving as CEO for 16 years. “This is an important time for Bed Bath & Beyond and we are committed to being the leading omnichannel retailer of choice for the home and heart-felt life events,” said Winston in a statement. “I look forward to building an even stronger future for Bed Bath & Beyond. As we continue to review our business initiatives, we will be focused on driving continued margin improvement, enhancing the in-store and online experience, and accelerating our transformation to the benefit of our shareholders, customers and other stakeholders.”

Winston’s leadership is needed. According to USA Today, the company experienced a huge decline in sales while trying to battle with large online retailers. The decline led to the layoffs of 150 employees in March.

Source: NewsOne

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