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Bed Bath & Beyond CEO Temares steps down in face of activist shareholder opposition

( May 13, 2019, 21:16 GMT | Official Statement) -- MLex summary: Bed Bath & Beyond's Steven Temares has stepped down as CEO and resigned as a member of the retailer's board of directors, according to a statement from the company. The announcement comes as the retailer is engaged in a dispute with a group of shareholder activists headed by Legion Partners, who have nominated a slate of directors for the company's board. The shareholders have blamed Temares for the company's long-term underperformance compared to its peers. The company said in a statement that Mary Winston, who joined the Bed Bath & Beyond board of directors last month, will serve as interim CEO.Full statement follows....

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