Overstock.com Inc. appointed Jonathan Johnson as its CEO. He has been serving as interim CEO since Aug. 22. He joined Overstock in 2002 as general counsel and held several positions over the years. Before joining Overstock, Johnson served as general counsel and chief financial officer for software company Tenfold Corp.
“I’m confident we can rapidly return our retail business to profitable growth,” Johnson says.
Additionally, the merchant’s chief financial officer, Greg Iverson, resigned, and Robert Hughes has taken his place while Overstock searches for a permanent replacement. Hughes was formerly the senior vice president of finance and risk management at Overstock.com for five years and vice president and controller for four years. He also served as chief financial officer and chief of staff at Tenfold.
These changes come on the heels of Patrick Byrne’s resignation as CEO on Aug. 22 amid various controversies. He sold his $90 million worth of shares in the company on Sept. 18.
Overstock is No. 47 in the Internet Retailer 2019 Top 1000.
In other ecommerce news:
- Luxury department store retailer Nordstrom Inc. (No. 18) promoted Ken Worzel to chief operating officer, from chief digital office. In this newly created role, he will be responsible for merging Nordstrom’s digital and physical operations and support the different facets of the business, including Full-line, Rack stores, Nordstrom.com and NorsdtromRack.com. Worzel has been with Nordstrom for nearly 10 years. “This change will improve alignment, process, speed and execution,” said co-president Pete Nordstrom. “And most importantly from the customer point of view, this creates a more seamless and improved service experience.”
- Marla and Barry Beck, who are the founders of Macy’s Inc.-owned cosmetics retailer Bluemercury, will transition from the company, Macy’s says. Barry Beck, Bluemercury’s current chief operating officer, stepped down from his role to pursue “a new entrepreneurial venture.” Marla Beck, Bluemercury’s CEO, will eventually move on, but will stay with the retailer and continue to lead until a replacement CEO is found. Macy’s is No. 5.
- Apparel retailer Express Inc. (No. 103) promoted Matthew Moellering to the position of president. He joined the retailer in 2006 and served as executive vice president and chief operating officer since September 2011. Moellering will retain his chief operating officer role.
- Sports merchandise retailer Fanatics (owned by Kynetic LLC, No. 14) appointed Michener Chandlee as chief financial officer. Chandlee comes from Nike Inc. (No. 33), where he served for 18 years in a variety of executive roles—most recently as vice president, corporate audit and chief risk officer.
- Sona Chawla, president of Kohl’s Corp. (No. 24), decided to step down from her role to pursue other opportunities. She will leave in mid-October. A replacement has not been named. Additionally, Paul Gaffney has been appointed senior executive vice president and chief technology officer, where he will be responsible for all technology, information and digital platforms supporting Kohl’s omnichannel business. Most recently, Gaffney served as chief technology officer at outdoor equipment and sports retailer Dick’s Sporting Goods (No. 58).
- Neiman Marcus (No. 50) appointed Lana Todorovich to president and chief merchandising officer. Prior to joining Neiman Marcus, she was president of North America wholesale for fashion brand Ralph Lauren for nearly four years. “As we build the preeminent luxury customer platform to bring seamless, personal and magical experiences to our customers, Lana’s depth of experience will help elevate the Neiman Marcus brand for customers, brand partners and our associates,” said CEO Geoffroy van Raemdonck.