Overstock President Stormy Simon resigns

Stormy Simon, president of Overstock (NASDAQ:OSTK) has resigned to "pursue other opportunities," according to the company.

"While I will miss seeing my friends at Overstock on a daily basis, I am excited to focus my efforts on helping lead a new generation of entrepreneurs in developing a new sector of emerging markets," Simon said in a statement.

Simon has served in a variety of roles at Overstock. She joined the board of directors in 2011 and was named president in 2014. She will remain on the board until no later than Sept. 30. Her departure as president is effective no later than July 25.

"This is the end of an era, and we want to wish Stormy the best of luck in her next endeavor," said Overstock.com chairman Jonathan Johnson.

"We wish to thank Stormy for her long and valued service, leadership and passion for Overstock," said Patrick Byrne, the company's founder and CEO. Byrne has been on medical leave since early April due to advanced hepatitis and subsequent liver damage.

Without either a CEO or president, the company has divided those duties among acting CEO Mitch Edwards, Chief Revenue Officer Saum Noursalehi, and Senior VP Brian Popelka.

For more:
- see this Overstock press release
- see this Internet Retailer story

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