Bed Bath & Beyond’s Technology Chief Resigns After Possible Data Breach

Bed Bath & Beyond

Bed Bath & Beyond Inc (NASDAQ:BBBY) said on Wednesday that its customer and technology chief, Rafeh Masood, will step down, days after the home goods retailer reported a possible data breach.

Last week, Bed Bath said a third party had improperly accessed its data through a phishing scam by gaining access to the hard drive and certain shared drives of one of its employees. It’s still reviewing if the drives had any sensitive or personally identifiable information.

Masood’s resignation, effective Dec. 2, was not the result of any disagreement with Bed Bath & Beyond (NASDAQ:BBBY) on any matter related to the company’s operations, practices, or financial statements, the company said in a regulatory filing.

Once considered a so-called “category killer” in home and bath goods, the big box retailer’s fortunes have dragged after attempts to sell more store-branded products flopped and led to the reshuffle of its management team.

Earlier in October, Bed Bath & Beyond (NASDAQ:BBBY) appointed Sue Gove as its Chief Executive Officer. Gove was named the interim CEO in June after it replaced Mark Tritton in a management shake-up to reverse a slump in its business.

Featured Image-  Megapixl @ Georgesheldon

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About the author: Valerie Ablang is a freelance writer with a background in scientific research and an interest in stock market analysis. She previously worked as an article writer for various industrial niches. Aside from being a writer, she is also a professional chemist, wife, and mother to her son. She loves to spend her free time watching movies and learning creative design.