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From Home Furnishing Business

Overstock Names Dr. Robert Shapiro to Board of Directors

E-commerce heavyweight (NASDAQ: OSTK) has announced the appointment of Dr. Robert Shapiro, PhD to its board of directors, effective Feb. 17.

Shapiro is the chairman and founder of Sonecon, LLC, a firm advising businesses, governments and non-profit organizations on economic and security-related matters. He also has been, and remains, a member of the boards of directors of Medici Ventures, Overstock’s wholly owned blockchain accelerator, and Medici Land Governance.

“Rob is a fantastic addition to the Overstock board,” said Allison Abraham, chairwoman of the board. “He brings a wealth of experience in both the private and public sectors at a critical point in the evolution of our company. I am confident that all areas of our business will benefit from his involvement.”

“Rob is a natural choice to represent our shareholders,” said Jonathan Johnson, CEO and board member. “For three years, he has provided valuable insights to Medici Ventures as it has built its blockchain businesses. I’m confident he will bring similar value to Overstock.”

“I’m excited to become a member of the board,” said Shapiro. “I have been associated with Overstock and have worked with Jonathan since 2004. I look forward to working with the Overstock board as the company continues to lead the way in both retail and blockchain technology.”

Dr. Shapiro replaces the company’s former director Dr. Kamelia Aryafar, PhD., who has resigned from her seat on the board and her executive role with the company. Aryafar’s executive duties have been absorbed by other members of Overstock’s leadership.

“Kamelia helped us advance important machine learning and artificial intelligence technology during her time at Overstock. We are grateful for her contributions,” said Johnson.

“Overstock has built some spectacular technology,” said Aryafar. “I’m pleased to have led the outstanding ML and AI efforts at Overstock. Its well-established technology roadmap ensures future success for the company.”

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