Former Michaels CEO to head Tuesday Morning on interim basis

DALLAS — Tuesday Morning has named former Michaels Stores president and CEO, Michael Rouleau as its interim CEO.

In his role as interim CEO, Rouleau willmanage the company's day-to-dayoperations through the retention of a new CEO. Hewill continue to serve on the company's board of directors, which hejoined in November 2012.

Rouleau succeeds Brady Churches, who has resigned as TuesdayMorning's CEO but will remain with the company in a consultativecapacity. The company has engaged Spencer Stuart, a global executivesearch firm, to assist the board in the process to identify a permanentCEO.

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

"My immediate focus is to ensure that Tuesday Morning's associates, customers and business partners understand that this is a strong,stable company with great untapped potential," Rouleau added."Translating potential into long-term, sustainable performance,however, will require building on the progress to date and working todeliver greater operational efficiencies from the supplier to storecheckout."