Overstock appoints a new CEO and remains committed to blockchain

Overstock has announced that Jonathan Johnson is now its permanent CEO after filling the role temporarily since the shocking departure of its previous chief executive Patrick Byrne. Johnson, who also heads Overstock’s blockchain accelerator Medici Ventures, said at the time that he was “confident that Overstock’s future – both in retail and blockchain – is bright.” In the announcement, Johnson said:

“Overstock has two unique businesses. I have run both, and I know how to unlock the value in each. I’m confident we can rapidly return our retail business to profitable growth. Our transformative blockchain businesses continue to lead their respective industries by getting real products into production.”