Overstock Taps Joel Weight as New CTO

March 4, 2020  by Laurie Northington in Business Strategy, Industry   

Weight is a nine-year veteran of Overstock’s family of companies, most recently serving as chief operations officer at Medici Ventures, Overstock’s wholly owned subsidiary and blockchain accelerator.

“Overstock’s roots began in 1999 as a technology innovator, leveraging the internet to create a convenient shopping experience for customers,” said Jonathan Johnson, CEO of Overstock.com. “Recently, Joel has been among the leaders in developing, integrating, and advancing blockchain in a variety of industries including supply chain, banking, and identity. His leadership and technical know-how have helped grow Medici Ventures’ keiretsu companies from the ground up.”

“We are thrilled to have Joel join the Overstock executive team,” said Dave Nielsen, president of Overstock.com. “Joel’s passion for building cutting-edge technology will help return the company to the innovative e-commerce leader that we have been known for throughout the years.”

“I first joined Overstock because of its history and longevity as a technology innovator in e-commerce,” said Weight. “Now, nearly a decade later, I’m thrilled to rejoin Overstock as CTO and am equally as excited to collaborate with a talented group of technologists in our retail business. I look forward to working together to explore new technologies, build up our existing systems, and continue Overstock’s legacy as an innovator.”