Overstock Appoints Joel Weight as Chief Technology Officer
February 25 2020 - 08:30AM
Overstock.com, Inc. (NASDAQ:OSTK) announced the appointment of
Joel Weight as Chief Technology Officer for its leading retail
shopping site. Weight is a nine-year veteran of Overstock’s family
of companies, most recently serving as Chief Operations Officer at
Medici Ventures, Overstock’s wholly owned subsidiary and blockchain
accelerator.
“Overstock’s roots began in 1999 as a technology innovator,
leveraging the internet to create a convenient shopping experience
for customers,” said Jonathan Johnson, CEO of Overstock.com.
“Recently, Joel has been among the leaders in developing,
integrating, and advancing blockchain in a variety of industries
including supply chain, banking, and identity. His leadership and
technical know-how have helped grow Medici Ventures’ keiretsu
companies from the ground up.”
“We are thrilled to have Joel join the Overstock executive
team,” said Dave Nielsen, President of Overstock.com. “Joel’s
passion for building cutting-edge technology will help return the
company to the innovative e-commerce leader that we have been known
for throughout the years.”
“I first joined Overstock because of its history and longevity
as a technology innovator in e-commerce,” said Joel Weight, Chief
Technology Officer at Overstock. “Now, nearly a decade later, I’m
thrilled to rejoin Overstock as CTO and am equally as excited to
collaborate with a talented group of technologists in our retail
business. I look forward to working together to explore new
technologies, build up our existing systems, and continue
Overstock’s legacy as an innovator.”
Joel Weight, Chief Technology Officer
As Chief Technology Officer for Overstock.com, Joel Weight is
responsible for leading technology functions across Overstock’s
retail organization, while also executing and integrating
day-to-day website operations with the customer, marketing, digital
experience, and merchandising teams.
Joel was previously the Chief Technology Officer of Medici
Ventures, Overstock’s wholly owned blockchain accelerator, where he
built and maintained multiple world-class blockchain development
teams that use agile methodologies to support Medici Ventures’
global keiretsu of companies. At the same time, Joel was
responsible for evaluating the technical stack, vision, and
personnel of potential additions to the blockchain accelerator’s
keiretsu. Following his time as the company’s CTO, he served
as its Chief Operating Officer, where he was responsible for
executing day-to-day operations while continuing to drive efficient
and sustainable growth for the global blockchain accelerator.
Joel brings more than twenty years of enterprise software
architecture, development and growth experience to Overstock,
having spent time in those roles for Overstock and other companies
including Access Development, SunGard Higher Education and
eXegeSys.
Joel received his bachelor’s degree in computer science from the
University of Utah.
For more information and updates on Overstock or its
subsidiaries, please visit the company’s Newsroom at
https://www.overstock.com/newsroom.
For information on career opportunities, visit
https://www.overstock.com/careers.
About Overstock.com
Overstock.com, Inc Common Shares (NASDAQ:OSTK) / Digital
Voting Series A-1 Preferred Stock (Medici Ventures’ tZERO
platform:OSTKO) / Series B Preferred (OTCQX:OSTBP) is an
online retailer and technology company based in Salt Lake City,
Utah. Its leading e-commerce website sells a broad range of new
products at low prices, including furniture, décor, rugs, bedding,
home improvement, and more. The online shopping site, which is
visited by nearly 40 million customers a month, also features a
marketplace providing customers access to millions of products from
third-party sellers. Overstock was the first major retailer to
accept cryptocurrency in 2014, and in the same year founded Medici
Ventures, its wholly owned subsidiary developing and accelerating
blockchain technologies to democratize capital, eliminate
middlemen, and re-humanize commerce. Overstock regularly posts
information about the company and other related matters on
the Newsroom and Investor Relations pages on
its website, Overstock.com.
O, Overstock.com, O.com, Club O, Main Street
Revolution, and Worldstock are registered trademarks of
Overstock.com, Inc. Other service marks, trademarks and trade names
which may be referred to herein are the property of their
respective owners.
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements include all statements other than
statements of historical fact, including but not limited to
statements regarding the company’s leadership. Additional
information regarding factors that could materially affect results
and the accuracy of the forward-looking statements contained herein
may be found in the Company's Form 10-Q for the quarter ended
September 30, 2019, which was filed with the SEC on November 12,
2019, and any subsequent filings with the SEC.
SOURCE: Overstock.com, Inc.
Media Contact:pr@overstock.com
Investor Contact:ir@overstock.com
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