More exec changes at 99 Cents Only

New York -- Discounter 99 Cents Only has appointed a former Walmart executive as interim CFO — for the second time.



Less than a month after former Kmart executive Andy Giancamilli was named interim president and CEO, 99 Cents named Michael Fung to the role of CFO.



Fung previously filled the interim CFO role from January to September 2013 and he joined the 99 Cents Only board in December 2013. He fills a position vacated by Bradley Lukow who resigned as CFO of the $1.9 billion company. Fung spent a decade in senior finance roles at Walmart, including serving as CFO of Walmart’s U.S. operations from 2006 until 2012.



Prior to Walmart, Fung served as CFO at Sensient Technologies, Vanstar and Bass Pro Shops.



The resignation of Lukow and Fung’s second stint as interim CFO follows the May 26 resignation of Stephane Gonthier from his position as CEO and the appointment of Giancamilli as interim CEO.