Tuesday Morning has ended its search for a chief executive officer.
The off-price retailer named Fred Hand, as CEO and a member of the board, effective May 17. He succeeds Steven Becker who, as previously announced, is stepping down as CEO and director. Becker will continue to serve in a consultancy role until September 30 to ensure a smooth transition.
Hand joins Tuesday Morning from Burlington Stores, where he has served as principal/COO since August 2020. He joined Burlington in 2008 as executive VP stores and operations. Prior to that, from March 2006 to February 2008, Hand was senior VP, group director of stores of Macy's.
From 2001 to 2006, Hand served as senior VP, stores and visual merchandising of Filene's Department Stores. He held various other positions at The May Department Stores Company from 1991 to 2001.
Tuesday Morning filed for bankruptcy protection in May 2020. It exited Chapter 11 at the beginning of this year after closing about 200 stores, leaving it with a footprint of 490 stores in 40 states.
"After a comprehensive search for a new CEO and interviews with several high-quality candidates, we are confident Fred is the ideal choice to lead Tuesday Morning's future growth,” said Sherry Smith, chairperson, Tuesday Morning. “Fred is an exceptional retailer with outstanding operating, merchandising, and leadership skills, and importantly has a deep understanding of the off-price business model. His record of strong leadership at Burlington and extensive experience at other leading retailers, will be instrumental in driving long-term value for Tuesday Morning."