Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up 20.2% as of 2 p.m. EDT Thursday after the retail chain named former Target (NYSE: TGT) executive Mark Tritton as its new CEO.
Tritton most recently worked as Target's executive vice president and chief merchandising officer, where he focused on shaping the company's omnichannel shopping experience; he also had stints at Nordstrom, Nike, and Timberland. Effective Nov. 4, he'll succeed interim CEO Mary Winston, who took over when previous CEO Steven Temares stepped down amid pressure from activist investors in May.
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