San Diego-based pet food retailer said that interim CEO R. Michael Mohan would transition to a new role leading a board committee focused on value creation.
The move follows a similar retreat by Tractor Supply as more companies face criticism over DEI.
Move follows a new California law affecting communications between schools and families over gay and transgender students.
The journalist-turned-media executive was hired by Jeff Bezos to turn around the Washington Post, but a past role at News Corp is casting a shadow.
Five Below replaced its longtime chief executive and cut its outlook for the second quarter as the discount retailer continues to grapple with slower consumer spending.
The company said in a securities filing that the data, mostly from 2022, was downloaded in April but it hasn’t found evidence that it was shared publicly.
