Owners of blockchain tech start-up t0.com, Overstock.com, Inc. has announced its board of directors has appointed the company’s General Counsel and Senior Vice President Mitch Edwards to the role of acting CEO, effective immediately. This appointment comes a couple of days after company founder Dr. Patrick M. Byrne announced his decision to take a medical leave of absence.
Overstock.com Chairman of the Board, Jonathan Johnson commented: “The board of directors is confident that Mitch is the right choice to continue the growth of the company. His past experience and ability to lead the existing management team makes him ideally suited for the role of acting CEO.”
Byrne had recommended when he left that the board of directors appoint Edwards as his successor, citing his experience as “an outstanding full-spectrum entrepreneur,” along with his understanding of both Overstock.com’s core businesses and blockchain-based crypto initiatives. Edwards was named senior vice president and general counsel of Overstock.com in August 2015. Prior to Overstock.com, Edwards served as the CFO & general counsel of BitTorrent Inc., where he oversaw international acquisitions, Razer Inc., where he oversaw global expansion, and Skullcandy Inc., where he lead the company’s IPO, key acquisitions, and international growth.
Edwards started his career as a mergers and acquisitions and corporate securities lawyer at Shearman & Sterling in New York and San Francisco, was a Partner at Brobeck, Phleger & Harrison in Los Angeles, and has also worked at the White House and the United States Supreme Court. He received his undergraduate degree from Brigham Young University, international business and law degrees from Oxford University as a Marshall Scholar, and a law degree from Stanford Law School.