UNION, N.J., June 5, 2018 /PRNewswire/ -- Bed Bath &
Beyond Inc. (NASDAQ: BBBY) announced today a number of key senior management changes in connection with its ongoing business
transformation.
Eugene A. Castagna, 52, has been named President & Chief Operating Officer (COO). Mr.
Castagna has been with the Company since November 1994 and has served as COO since 2014.
Previously, he served as Chief Financial Officer (CFO) and Treasurer from 2006 to 2014, and as Vice President – Finance from 2000
to 2006.
Susan E. Lattmann, 50, formerly the Company's CFO & Treasurer, has been promoted to Chief
Administrative Officer. Ms. Lattmann has been with the Company since 1996 and served as CFO since 2014. Previously, she served as
Vice President – Finance from 2006 to 2014, as Vice President – Controller from 2001 to 2006, and as Controller from 2000 to
2001.
Robyn M. D'Elia, 46, has been promoted to CFO & Treasurer. Ms. D'Elia has been with the Company since 1996, and was
formerly Vice President – Finance, since 2015. Previously, she served as Vice President – Controller from 2006 to 2015, Vice
President – Financial Planning & Control in 2006, and Assistant Controller from 2000 to 2006. Prior to joining the Company,
Ms. D'Elia was with the public accounting firm of Arthur Andersen.
"We are extremely pleased to announce these changes to our leadership structure," said Steven
Temares, Chief Executive Officer and Member of the Company's Board of Directors. "We have developed a talented team of
passionate leaders across our organization, and we will further leverage our internal strengths and talents, as well as take
advantage of external expertise, as we progress our transformation and strengthen our position as the expert for the home and
heart-felt life events."
About the Company
Bed Bath & Beyond Inc. and subsidiaries (the "Company") is an omnichannel retailer selling a wide assortment of domestics
merchandise and home furnishings which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops
andThat! or andThat!, Harmon, Harmon Face Values or Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost
Plus. Customers can purchase products either in-store, online, with a mobile device or through a customer contact center. The
Company generally has the ability to have customer purchases picked up in-store or shipped direct to the customer from the
Company's distribution facilities, stores or vendors. In addition, the Company operates Of a Kind, an e-commerce website that
features specially commissioned, limited edition items from emerging fashion and home designers; One
Kings Lane, an authority in home décor and design, offering a unique collection of select home goods, designer and vintage
items; PersonalizationMall.com, an industry-leading online retailer of personalized products; Chef Central, an online retailer of
kitchenware, cookware and homeware items catering to cooking and baking enthusiasts; and Decorist, an online interior design
platform that provides personalized home design services. The Company also operates Linen Holdings, a provider of a variety of
textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other
industries. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.
The Company operates websites at bedbathandbeyond.com, bedbathandbeyond.ca, worldmarket.com, buybuybaby.com, buybuybaby.ca,
christmastreeshops.com, andthat.com, harmondiscount.com, facevalues.com, ofakind.com, onekingslane.com, personalizationmall.com,
chefcentral.com, decorist.com, harborlinen.com, and t-ygroup.com.
Forward-Looking Statements
This press release may contain forward-looking statements. Many of these forward-looking statements can be identified by
use of words such as may, will, expect, anticipate, approximate, estimate, assume, continue, model, project, plan, goal, and
similar words and phrases. The Company's actual results and future financial condition may differ materially from those
expressed in any such forward-looking statements as a result of many factors. Such factors include, without limitation: general
economic conditions including the housing market, a challenging overall macroeconomic environment and related changes in the
retailing environment; consumer preferences, spending habits and adoption of new technologies; demographics and other
macroeconomic factors that may impact the level of spending for the types of merchandise sold by the Company; civil disturbances
and terrorist acts; unusual weather patterns and natural disasters; competition from existing and potential competitors across
all channels; pricing pressures; liquidity; the ability to achieve anticipated cost savings, and to not exceed anticipated costs,
associated with organizational changes; the ability to attract and retain qualified employees in all areas of the organization;
the cost of labor, merchandise and other costs and expenses; potential supply chain disruption due to trade restrictions,
political instability, labor disturbances, product recalls, financial or operational instability of suppliers or carriers, and
other items; the ability to find suitable locations at acceptable occupancy costs and other terms to support the Company's plans
for new stores; the ability to establish and profitably maintain the appropriate mix of digital and physical presence in the
markets it serves; the ability to assess and implement technologies in support of the Company's development of its omnichannel
capabilities; uncertainty in financial markets; volatility in the price of the Company's common stock and its effect, and the
effect of other factors, on the Company's capital allocation strategy; disruptions to the Company's information technology
systems including but not limited to security breaches of systems protecting consumer and employee information; reputational risk
arising from challenges to the Company's or a third party supplier's compliance with various laws, regulations or standards,
including those related to labor, health, safety, privacy or the environment; reputational risk arising from third-party
merchandise or service vendor performance in direct home delivery or assembly of product for customers; changes to statutory,
regulatory and legal requirements, including without limitation proposed changes affecting international trade; changes to, or
new, tax laws or interpretation of existing tax laws; new, or developments in existing, litigation, claims or assessments;
changes to, or new, accounting standards; foreign currency exchange rate fluctuations; and the integration of acquired
businesses. The Company does not undertake any obligation to update its forward-looking statements.
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SOURCE Bed Bath & Beyond Inc.