Retailer Tuesday Morning seeking a new CEO after bankruptcy
CEO Steven Becker is a former hedge fund manager and activist investor who secured board seats in 2012 and ousted the prior chief executive.
This file photo shows the exterior of a Tuesday Morning in Hillside Village in Dallas in 2017.(Rose Baca / Staff Photographer)
Dallas-based Tuesday Morning is looking for a new CEO after completing its bankruptcy in December and appointing new board members.
Steven Becker, chief executive since 2015, will step down once a successor is hired, the company said Tuesday. The new board has hired a search firm.
As part of its Chapter 11 reorganization Tuesday Morning, an off-price retailer of gifts and home goods, named four new board members. Sherry M. Smith, who has been on the board since 2014, became chairperson.
Tuesday Morning Announces CEO Transition Plan and New Members of the Board of Directors Following Successful Restructuring Process
Steven Becker to continue to serve as CEO role until a successor is named to ensure a seamless transition
Board initiates CEO search process
Sherry M. Smith named Chairperson of the Board of Directors
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DALLAS, Jan. 19, 2021 /PRNewswire/ Tuesday Morning ( Tuesday Morning or the Company ) (OTC:TUEM) today announced the leadership transition following the Company s successful reorganization completed in late December. Mr. Becker will serve in his current capacity as Chief Executive Officer and Director until a successor has been named to ensure a seamless transition. The Board and Mr. Becker are united in their commitment to the Company s future success as a leader in the off-price sector. To reflect that commitment, the Board is commencing a search process to identify the Company s next CEO,