Bed Bath & Beyond surges more than 20% after naming former Target executive as CEO (BBBY)

Bed Bath & Beyond announced on Wednesday that Target's chief merchant, Mark Tritton, would be its new CEO.
Shares gained more than 20% in after-hours trading on the news.
Tritton brings 30 years of retail experience.
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Investors look to be thrilled with Bed Bath & Beyond's pick for CEO.
Shares of Bed Bath & Beyond soared more than 20% in after-hours trading Wednesday after the company announced that Mark Tritton would be its CE