Bed Bath & Beyond Shakes up Board Amid Investor Pressure, Co-founders Step Down

Bed Bath & Beyond Shakes up Board Amid Investor Pressure, Co-founders Step Down
The interior entrance of a Bed Bath & Beyond store is shown in New York City on Jun. 27, 2003. Chris Hondros/Getty Images
Reuters
Updated:

Bed Bath & Beyond Inc. said on April 22 it appointed five new independent members to its board, replacing some directors including co-founders Warren Eisenberg and Leonard Feinstein, after facing pressure from a trio of activist investors.

Shares of the New Jersey-based home furnishing retailer fell about 3 percent in mid-day trade.