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Bed Bath & Beyond overhauls board

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After facing pressure from investors amid slowing sales, Bed Bath & Beyond overhauled its board of directors.

The company dropped the size of the board to 10 members from 12. Five members are stepping down, and co-founders Warren Eisenberg and Leonard Feinstein are retiring from active roles. They'll take on the new titles of co-chairman emeriti.

The shakeup includes the appointment of five new independent board directors.

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