Bed Bath & Beyond Chief Executive Steven Temares has stepped down as activist shareholders press for changes at the retailer
Bed Bath & Beyond Inc. Chief Executive Steven Temares has stepped down from his role with the struggling retailer after facing pressure from a trio of activist investors over the company’s performance in recent years.
Mr. Temares, who also resigned as a director, had led the home-goods seller since 2003. But in March, three investors in the company—Legion Partners Asset Management LLC, Macellum Advisors GP LLC and Ancora Advisors LLC—called for his ouster, claiming the company failed to adapt its business model as consumers...
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