Overstock.com names co-presidents

Salt Lake City -- Overstock.com said Friday it has named Stormy Simon and David Nielsen as co-presidents of the company.

Simon was previously SVP over customer and partner care and, with the promotion, will add oversight of warehouse logistics, press relations, social media and strategic marketing.  
Nielsen, promoted from SVP merchandising and supply chain, will add oversight of international sales, talent management and information technology.

Earlier this month, Overstock.com announced that current CEO Patrick Byrne would be taking medical leave and that president Jonathan Johnson would become acting CEO at the time of Byrne’s departure. The company said Friday that Johnson will not retain the president position, as of the two promotions, and will remain acting CEO.
Other management changes announced Friday include: Robert Hughes has been promoted to SVP finance and risk management from VP finance and accounting. Saum Noursalehi was appointed SVP marketing; he was previously VP OLabs, the research and development arm of Overstock.com.


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