In reporting its results, Bed Bath & Bath also announced that its board is undertaking a comprehensive review of its "composition, governance structure and compensation practices." The board is also accelerating its board refreshment program, which already has resulted in the addition of three new directors over the past two years. "Our strategy, business transformation and execution are a critical component of our future success, and we also recognize that the right board governance structure and incentives are necessary to ensure that we achieve our objectives," said Patrick Gaston, who has been appointed lead independent director of Bed Bath & Beyond. "The board is committed to acting in the best interest of our shareholders, is working hard to accelerate the rate of change in the company's governance, greatly appreciates investor input received to date, and looks forward to continued constructive engagement with our shareholders on these and related efforts."