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Tuesday Morning Replaces CEO

Tuesday Morning Corp. (NASDAQ: TUES  ) CEO Brady Churches has resigned after six months on the job. The company today announced the appointment of Michael Roulea, a Tuesday Morning board member who most recently served as CEO of Michaels Stores, as interim CEO.

Churches will remain with the company as a consultant. He was named president and CEO on Sept. 1, 2012, about three months after the company announced it had "relieved" Kathleen Mason of her duties as president and CEO.

"The Board recognizes Brady's merchandising expertise and the Company's recent top line momentum, and is pleased he will serve as a consultant," Steven R. Becker, chairman of Tuesday Morning's board, was quoted as saying in the company press release.

Churches was quoted as saying: "After recent discussions, the Board and I have determined that this transition is in the Company's best interest. I am proud of the team's progress, particularly with respect to merchandising and new initiatives aimed at improving the overall guest experience."

Closeout retailer Tuesday Morning has more than 830 stores in 43 states selling discounted, upscale decorative home accessories, housewares, and gifts.

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8/26/2016 4:00 PM
TUES $7.13 Down -0.10 -1.38%
Tuesday Morning CAPS Rating: *