PRNewswire — Overstock.com Inc. reported today that it has appointed Jonathan E. Johnson III as president of the company. Johnson's duties will include supervision of executives responsible for legal affairs, finance, SEC compliance, investor relations, government relations, facilities, administrative, and eventually, human capital management.

"Jonathan has developed into a tremendous asset for our team," said Patrick Byrne, chairman and CEO of Overstock.com. "He has gone from simply providing adult supervision for me, to being a fine, aggressive contributor across many facets of our firm's operations. He has grown from being the lawyer working in business to a businessman who happens to be trained in the law."

Johnson, 42, joined the company in September 2002 and has been serving as the company's senior vice president, corporate affairs and legal. He was previously the company's general counsel. Before joining Overstock.com, Johnson was with TenFold Corporation in various positions, including general counsel, executive vice president and chief financial officer. Jonathan also practiced law in the Los Angeles offices of the New York-based law firm of Milbank, Tweed, Hadley & McCloy and the San Francisco-based law firm of Graham & James where his practice focused on mergers and acquisitions, securities offerings, international transactions and general corporate work.