Overstock.com, Inc. (NASDAQ:OSTK) and its blockchain
subsidiary, Medici Ventures, announce they have taken the
ParityPledge to increase their commitment to improving the
opportunity for advancement of women into leadership positions. By
taking the ParityPledge, Overstock and Medici Ventures have
committed to interview at least one qualified female candidate for
every open executive position, vice president and above, including
the C-suite and board of directors.
The ParityPledge is an initiative of Parity.org, a non-profit
organization focused on decreasing the amount of gender inequality
within businesses. It was founded to correct the blunt reality of
gender disparity at the top of companies today, with women
representing only 20 percent of S&P 500 corporate executive
teams and boards.
“We’re proud to take the ParityPledge to help further our
commitment to equal representation of women at the leadership
level,” said Meghan Tuohig, Overstock’s vice president of people
care. “ParityPledge is a great external compliment to the internal
work we have started with the Overstock Women’s Network, which is
aimed at providing opportunities for career growth and advancement
for our female associates.”
The Overstock Women’s Network was founded by Tuohig in 2017, and
uses programming and education for all associates, regardless of
gender, to inspire, support, and celebrate females in Overstock’s
professional community.
“The most effective teams tend to have diversity amongst their
members, bringing different viewpoints and experiences to the table
when finding solutions for difficult problems,” said Overstock.com
President Saum Noursalehi. “Taking the ParityPledge reaffirms
Overstock’s commitment to diversity, and to finding and promoting
the best possible talent.”
“We are thankful for organizations like Overstock.com and Medici
Ventures that are willing to become role models for change,” said
Cathrin Stickney, Parity.org founder and CEO. “We believe their
public commitment and example will help us realize exponential
progress toward reaching parity at the top.”
“As the technological community in Utah continues to grow,
groups like Parity.org and the ParityPledge will help ensure our
community grows in a way that is welcoming and empowering for
women,” said Jonathan Johnson, Medici Ventures president and
Silicon Slopes board member. “Medici Ventures supports this effort
that will have a positive impact on so many talented members of the
Utah business community.”
Parity.org is scheduled to announce the full list of founding
companies, sponsors, and partners during the Silicon Slopes
conference in January 2018.
About Overstock.com
Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A
Preferred (Medici Ventures’ tZERO platform: OSTKP) / Series B
Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake
City, Utah that sells a broad range of products at low prices,
including furniture, décor, rugs, bedding, and home improvement. In
addition to home goods, Overstock.com offers a variety of products
including jewelry, electronics, apparel, and more, as well as a
marketplace providing customers access to hundreds of thousands of
products from third-party sellers. Additional stores include Pet
Adoptions and Worldstock.com dedicated to selling artisan-crafted
products from around the world. Forbes ranked Overstock in its list
of the Top 100 Most Trustworthy Companies in 2014. Overstock
regularly posts information about the company and other related
matters under Investor Relations on its website,
http://www.overstock.com.
About Medici Ventures:
Launched in 2014, Medici Ventures is a wholly owned subsidiary
of Overstock.com, Inc., created to leverage blockchain technology
to solve real-world problems with transparent, efficient and secure
solutions. Medici Ventures has a growing portfolio of
groundbreaking blockchain-focused investments, including tZERO.com,
Peernova, Bitt, SettleMint, Factom, and IdentityMind, Spera and
Symbiont. The company’s majority-owned financial technology
company, tZERO.com, executed the world’s first blockchain-based
stock offering in December 2016.
About Parity.org
Parity.org is a 501(c)(3) non-profit organization dedicated to
gender equality at the highest ranks of business leadership.
Parity.org is assembling a founding advisory board of some of the
most recognized men and women leaders in business. The Parity.org
URL was generously donated by The Kennedy Forum. You can follow
Parity.org on Facebook, LinkedIn and Twitter.
O, Overstock.com, O.com, Club O, Main Street
Revolution, and Worldstock are registered trademarks of
Overstock.com, Inc. O.biz and Space Shift are also
trademarks of Overstock.com, Inc. Other service marks, trademarks
and trade names which may be referred to herein are the
property of their respective owners.
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements include all statements other than
statements of historical fact. Additional information regarding
factors that could materially affect results and the accuracy of
the forward-looking statements contained herein may be found in the
Company's Form 10-Q for the quarter ended September 30, 2017, which
was filed with the SEC on November 8, 2017, and any subsequent
filings with the SEC.
SOURCE: Overstock.com, Inc.
Media Contact:pr@overstock.com
Investor Contact:ir@overstock.com
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