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RENO, NV USA
SALT LAKE CITY, July 31 /PRNewswire-FirstCall/ -- Overstock.com(R)
(Nasdaq: OSTK) today announced that Jack Byrne is retiring from the
Overstock.com board of directors.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030520/LATU020LOGO-a )
Jack Byrne said "There is much current activity associated with my new
role as chairman of White Mountains Insurance Group and I can no longer
give my directorship at Overstock the effort it deserves. The company
couldn't be in better hands with my son, Patrick, at the helm."
Patrick Byrne, Overstock.com's chairman and chief executive, and son of
Jack Byrne, said, "I thank my father for his wonderful years of service to
the company. He has made an enormous contribution in the shareholders'
interests. We're forever in his gratitude."
Jack Byrne has served on Overstock.com's board of directors from 1999
to October 2002, and then rejoined the board in June 2004. His retirement
is effective starting midnight tonight.
Overstock.com, Inc. is an online "closeout" retailer offering discount,
brand-name merchandise for sale over the Internet. The company offers its
customers an opportunity to shop for bargains conveniently, while offering
its suppliers an alternative inventory liquidation distribution channel.
Overstock.com, headquartered in Salt Lake City, is a publicly traded
company listed on the NASDAQ National Market System and can be found online
Overstock.com is a registered trademark of Overstock.com, Inc. All
other trademarks are the property of their respective companies.