Overstock.com names co-presidents

SALT LAKE CITY — Overstock.com has named two co-presidents, Stormy Simon and David Nielsen. 

A longtime officer and director of the company, Simon previously served as senior vice president in charge of customer and partner care. As co-president, Simon will retain those responsibilities, and will add oversight of warehouse logistics, press relations, social media, and strategic marketing.  Simon started with Overstock.com in 2001 and has held various marketing positions within the company.  Simon previously managed the company's marketing program from late 2008 to early 2011.  

Nielsen, with Overstock.com since 2009, and most recently as senior vice president of merchandising and supply chain, will retain those responsibilities and will add oversight of the additional areas of international sales, talent management, and information technology.

On Feb.12, the company announced that Dr. Patrick Byrne, chairman of the board and chief executive officer, would be taking a temporary medical leave of absence as chief executive officer and Jonathan Johnson, president of the company, became acting chief executive officer at that time. With today's changes, Johnson's former role as president will transfer, and he will remain acting chief executive officer. 

Additionally, the company announced two other management changes: Robert Hughes has been promoted to SVP finance and risk management. Hughes joined Overstock.com in 2008 and most recently served as vice president of finance and accounting.   Hughes will replace outgoing senior vice president of finance and risk management, Stephen Chesnut.  Also announced today, Saum Noursalehi has become senior vice president of marketing, a position formerly held by Timothy Dilworth who will be leaving the company.  Noursalehi has served most recently as vice president of OLabs, an innovative research and development group within the company and previously worked with the Overstock.com marketing department.

"I congratulate these newly promoted officers and managers for their achievements and hard work," said Patrick Byrne, chairman of the board. "They have made a large contribution to recent company improvements, driving performance gains. The changes announced today will consolidate our gains and continue to move the company forward."



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