29.09.2015 16:03:58

Tuesday Morning CEO Michael Rouleau Retires

(RTTNews) - Off-price retailer Tuesday Morning Corp. (TUES) announced that Michael Rouleau is retiring as chief executive officer and a member of the company's board of directors, effective immediately.

However, Rouleau has agreed to remain with the company in a consultative capacity until March 31, 2016 to help ensure a smooth transition.

Tuesday Morning has now created a new Office of the Chairman, led by current Board Chairman Steven Becker, to support oversight of the company's strategic initiatives until a new CEO is appointed, as well as added a new lead independent director role which will be held by current Board member Terry Burman.

The Office of the Chairman will also include Vice Chairman Burman, President and Chief Operating Officer Melissa Phillips, and Executive Vice President, Store Operations Phil Hixon.

The Board has also created a search committee and retained retail executive search firm Herbert Mines Associates to identify and evaluate both internal and external CEO candidates.

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