Former Michaels CEO named to interim chief post at Tuesday Morning

Dallas -- Tuesday Morning Corp. announced Monday that it has named Michael Rouleau as its interim CEO, effective immediately.



Rouleau, who served as president and CEO of Michaels Stores from 1996 to 2006, joined Tuesday Morning’s board last November. He will lead the clearance retailer until it hires a permanent CEO.



“Michael Rouleau is a highly-accomplished retail executive with an impeccable track record of meeting challenges similar to those we confront at Tuesday Morning," chairman of the board Steven R. Becker said in a statement.



Rouleau succeeds Brady Churches, who has resigned as Tuesday Morning's CEO but will remain as a consultant, said the company.



Tuesday Morning has retained search firm Spencer Stuart to locate a permanent chief.