Overstock Appoints Marcus Lemonis to Board of Directors

• Chairman and Chief Executive Officer at Camping World (NYSE:CWH)
• 25-years of experience in business development and retail growth
• Expertise in business acquisition and integration
  

MIDVALE, Utah, Oct. 03, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Overstock.com, Inc. (NASDAQ:OSTK) has appointed Marcus Lemonis as its newest independent director, effective October 2, 2023.

Lemonis is currently the Chairman and Chief Executive Officer (CEO) of Camping World (NYSE:CWH). He brings a broad and diverse experience in growing and scaling companies from the inside out. He’s well-known for improving small businesses on CNBC’s The Profit where he helped them focus on their people, process, and products to achieve stability and profitability. Lemonis also helps homeowners improve the value and function of their homes on his hit TV show, The Renovator. He has more than 25 years of business development, corporate retail, and entrepreneurship experience.

Under his leadership and vision, Lemonis has grown Camping World and Good Sam from the ground up to become the world’s largest RV and outdoor retailer and affinity group. Today the company operates in more than 40 states with over 13,000 employees. Good Sam, the world’s largest affinity organization registers over 5.2 million active consumers, spanning a host of products and services, covering protective services, financial services, and lifestyle products. His approach to business management is putting employees first, ensuring a culture that allows people to thrive.

“We are delighted to welcome Marcus to the board,” said current Overstock Chairwoman of the Board, Allison Abraham. “As a CEO of a publicly traded company, he brings a wealth of experience in leadership, retail, branding and customer engagement that will complement the current board’s strengths and position the company for growth and success. I am excited for Marcus to take on a larger leadership role on the board in the future as we continue with our transformation to the new Bed Bath & Beyond brand.”

“I am thrilled to augment our board with Marcus’s experience,” said Jonathan Johnson, CEO of the new Bed Bath & Beyond and board member. “With our recent acquisition of Bed Bath & Beyond, it’s a transformational time for our company and his expertise in growing and scaling businesses will be invaluable. I’m confident that his strong business acumen will allow him to meaningfully contribute to the company during this pivotal time. As Marcus becomes more familiar with the company, I expect to work closely with him as he takes a bigger and more meaningful role on the board.”