Tuesday Morning Taps Interim CEO

March 4, 2013  by in UnCategorized   

By Home Furnishings Business in Executive Changes on March 5, 2013

Closeout retailer Tuesday Morning Corp. (NASDAQ: TUES) has appointed an interim chief executive officer, effective immediately.

Michael Rouleau will manage the retailer's day-to-day operations through the retention of a new CEO. He will continue to serve on the board of directors, which he joined in November.

Rouleau succeeds Bradley Churches, who has resigned his position but remains with the company in a consulting role. Tuesday Morning has hired Spencer Stuart, an executive search company, to assist in identifying a permanent CEO.

Rouleau most recently was president and CEO of Michael's Stores.

"The board recognizes Brady's merchandising expertise and the company's recent top line momentum, and is pleased he will serve as a consultant," said Steven Becker, chairman of the board. "We move forward with the search for new leadership to drive operational improvement at every level of the company, truly transform the brand and capture market opportunities with focus and determination. Michael Rouleau brings a strong track record of retail operational excellence in this regard, and the board is confident that Tuesday Morning will benefit from his service as interim CEO."