Bed Bath & Beyond's Interim CEO To Remain In The Job For At Least A Year: Reuters

Bed Bath & Beyond Inc's BBBY interim Chief Executive Officer (CEO) Sue Gove is likely to stay in the job for at least twelve months, Reuters reported.
The retailer will not pick a new leader until well into 2023, the report noted, citing two sources familiar with the matter.
Gove was named the interim CEO in June, replacing Mark Tritton, following sales slump.
Related: Was Bed Bath & Beyond A 'Pump And Dump'? Ryan Cohen, Deceased CFO Named In Shareholder Lawsuit
The company has been fighting heavy debt, and the stock declined after activist investor Ryan Cohen exited his position in August.
The company's former Chief Financial Officer, Gustavo Arnal, died recently.
Related: Bed Bath & Beyond CFO Gustavo Arnal Falls To Death From Jenga Building In NYC
Price Action: BBBY shares are trading higher by 1.43% at $8.48 in premarket on the last check Wednesday.
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