Tuesday Morning adds retail veteran to executive team

DALLAS — Leading closeout retailer Tuesday Morning has appointed retail industry veteran Jeffrey Boyer as the company’s EVP, chief administrative officer and CFO.

Boyer will fill the existing chief administrative officer vacancy and will replace Stephanie Bowman as CFO. Bowman, who served as the company’s CFO since April 2008, has decided to pursue other professional interests but will remain with Tuesday Morning in a consultative capacity to facilitate a smooth transition.

Boyer has more than 30 years of retail, finance and accounting experience. Since June 2012, he served as EVP and chief operating officer of 24 Hour Fitness Worldwide, one of the world's largest privately owned and operated fitness center chains. From April 2008 until June 2012, he was EVP and CFO at 24 Hour Fitness Worldwide. Previously, he served as president and CFO of Michaels Stores, from July 2007 until April 2008 and co-president and CFO from March 2006 to July 2007. Boyer also held the position of EVP and CFO of Michaels Stores from Jan. 2003 to March 2006.

Prior to joining Michaels, Boyer served as the EVP and CFO of Kmart and held multiple positions with Sears, Roebuck & Company, advancing to the post of SVP and CFO. Earlier in his career, he served in senior capacities with the Pillsbury Company and Kraft General Foods. Boyer began his career as an accountant with PricewaterhouseCoopers in 1980.

"Having worked with Jeff at Michaels, I can attest to his wealth of retail experience and ability to help transform organizations. We're delighted he has joined the team and look forward to benefiting from his expertise and insight," said Michael Rouleau, CEO.

"I am very pleased to join the Tuesday Morning team, and am eager to work again with Michael to help ensure the Company realizes its potential as a leading value retailer," said Boyer.

"On behalf of the entire Tuesday Morning team, I also want to thank Stephanie for her tireless commitment to Tuesday Morning, particularly amid significant organizational change," added Rouleau. "We wish her well in her future professional endeavors, and know she has a bright future."

Tuesday Morning also announced that board members Starlette Johnson and David Green will not stand for re-election to the company's board of directors at the 2013 annual meeting.

"On behalf of Tuesday Morning, I want to thank Starlette and David for their contributions to the Tuesday Morning board," said Steven R. Becker, chairman. "They have played important roles in the company's transformation, and their service is deeply appreciated."

Tuesday Morning operates 820 stores in 43 states and specializes in selling deeply discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts.

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