Bed Bath & Beyond Inc’s interim CEO Sue Gove will likely lead the financially struggling retailer for at least 12 months, a source familiar with the matter said, as the chain looks to bolster its business after seeing sales plummet.
The retailer, which announced a search for a new, permanent CEO in June, will not pick a new leader until well into 2023, two sources familiar with the matter said.
“It’s what people want, and feel is needed,” one of the sources said.