Overstock.com, Inc. (NASDAQ:OSTK) announced today the appointment
of Adrianne Lee as its Chief Financial Officer. Lee will assume the
role on March 31, 2020 and will oversee all financial aspects of
the company, including financial planning and analysis, accounting
and financial reporting, and managing tax, treasury, internal
audit, and investor relations.
Lee joins Overstock from The Hertz Corporation where she was
senior vice president and CFO of the company’s $7 billion North
American Rental Car unit. Prior to that, she served as vice
president of global financial planning and analysis and corporate
development for Hertz. Before joining The Hertz Corporation, Lee
led financial planning and analysis for Best Buy’s
multi-billion-dollar e-commerce business, and held several roles in
finance, strategic planning, accounting and financial reporting,
investor relations and audit at PepsiCo, Allianz Life and
PricewaterhouseCoopers.
“Adrianne knows how to lead efforts to drive consistent
profitable results across a number of industries,” said Overstock
CEO Jonathan Johnson. “I am excited for her to bring that expertise
to our executive team. I look forward to working closely with
Adrianne as we execute toward our goals of achieving sustainable
profitability in our retail division and accelerating the global
adoption of blockchain technology through our Medici Ventures
keiretsu.”
“We are tremendously fortunate to have found such a strong
executive for our CFO role,” said Allison Abraham, chairwoman of
Overstock’s board of directors. “Adrianne’s talent and experience
will be a strong asset to Overstock and help us achieve our
objectives of discipline and focus for 2020.”
“Overstock has been a leader in the world of online shopping
since the early days of e-commerce and is poised to have a similar
market-shaping impact through its work in developing blockchain
technologies,” said Lee. “I’m excited to join the company at a very
pivotal time for both areas of the business and am looking forward
to being a part of an executive team focused on sustainable growth
and innovation.”
About Adrianne Lee:
Adrianne Lee is the Chief Financial Officer for Overstock.com,
Inc., overseeing all financial-related matters for the technology
and e-commerce leader, including financial planning and analysis,
accounting and financial reporting, and managing tax, treasury,
internal audit, and investor relations She has experience in high
impact financial leadership roles with blue-chip companies
including The Hertz Corporation, Best Buy, and PepsiCo.
Prior to joining Overstock, Lee held the role of senior vice
president and CFO of Hertz’s North American Rental Car unit,
leading a team of 50+ finance professionals responsible for a $7
billion business unit that spans the U.S. and Canada. Before
joining The Hertz Corporation, Lee led financial planning and
analysis for Best Buy’s multi-billion-dollar e-commerce business,
and held several roles in finance, strategic planning, accounting
and financial reporting, investor relations and audit at PepsiCo,
Allianz Life and PricewaterhouseCoopers.
Lee attended the University of St. Thomas in St. Paul,
Minnesota, and received cum laude honors while earning a bachelor’s
of arts degree in business administration with a focus on
accounting.
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 OverstockOverstock.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 home 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 dedicated to the development and acceleration of
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
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/642e9d02-612c-4fbe-9465-f39c95eafdbc
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