Tuesday Morning names Churches as new CEO

DALLAS (AP) -- Discount retailer Tuesday Morning named a former Big Lots Inc. executive as its new CEO.

The company said Tuesday it appointed Brady Churches as its CEO, effective immediately. Churches, who will also become a board member, most recently served as president of Marketing Results Ltd. He spent more than 20 years at Big Lots, including a stint as president from 1993 through 1995.

Churches was also the president of Value City Department Stores' home store unit from 2002 through 2006.

Churches succeeds Kathleen Mason. Tuesday Morning Corp. fired Mason in June, saying then that it was time to transition leadership to a "new executive who will guide the company through its next stage." The Dallas retailer named Michael Marchetti, its executive vice president and chief operating officer, as interim CEO.

In August, Mason filed discrimination charges against Tuesday Morning, saying she was sent packing after the board learned she had breast cancer. Mason also is seeking unspecified damages and her old job back. The discrimination charges were filed with the Equal Employment Opportunity Commission in Dallas.

Tuesday Morning said in a statement last month that Mason's termination was lawful. It also said that the accusation was without merit and that it intends to defend itself against the claims.

The company also reported in August that it lost $2 million in its fiscal fourth quarter and sales edged up 1 percent.

Tuesday Morning shares closed Friday at $5.59. The stock was not trading premarket.

Source: http://news.yahoo.com/tuesday-morning-names-churches-ceo-131547446.html

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