Jack Byrne resigns from Overstock.com board of directors
Jack Byrne, father of Overstock.com chairman and CEO Patrick Byrne, has resigned from the company’s board of directors. Jack Byrne, a director of the company from 1999 to October 2002, had rejoined the board in 2004, and had served as chairman between August 2005 and April 2006.
“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,” Jack Byrne said. “The company couldn’t be in better hands with my son, Patrick, at the helm.”
Patrick Byrne said his father had made “an enormous contribution in the shareholders’ interests. We’re forever in his gratitude.”
Jack Byrne is a former CEO of White Mountain Insurance, CEICO and Fireman’s Fund. He also has served on the board of American Express, Martin Marietta, and Lehman Brothers.
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