Bed Bath & Beyond has named three new independent directors to the Board of Directors. The agreement comes after it was announced earlier this month that Ryan Cohen and RC Ventures had acquired 9.8 percent of the company and were pushing for changes. “By refreshing the Board with shareholder-designated individuals who possess capital markets acumen and transaction experience, the company is well-positioned to review alternatives for buybuy BABY,” Cohen said. “I appreciate that management and the Board were willing to promptly embrace our ideas and look forward to supporting them in the year ahead.” The new board members are: Marjorie L. Bowen: previous director for Centric Brands, Genesco, Navient, Sequential Brands, and Talbots. Shelly C. Lombard: experience with capital allocation, corporate governance, and strategic reviews. Ben Rosenzweig: experience in capital allocation, mergers & acquisitions, and serving on public company board of directors. The board will expand to 14 members temporarily …
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