Former Michaels CEO named to interim chief post at Tuesday Morning
Dallas — Tuesday Morning Corp. announced Monday that it has named Michael Rouleau as its interim CEO, effective immediately.
Rouleau, who served as president and CEO of Michaels Stores from 1996 to 2006, joined Tuesday Morning’s board last November. He will lead the clearance retailer until it hires a permanent CEO.
“Michael Rouleau is a highly-accomplished retail executive with an impeccable track record of meeting challenges similar to those we confront at Tuesday Morning," chairman of the board Steven R. Becker said in a statement.
Rouleau succeeds Brady Churches, who has resigned as Tuesday Morning’s CEO but will remain as a consultant, said the company.
Tuesday Morning has retained search firm Spencer Stuart to locate a permanent chief.
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Supervalu announces divisional leadership changes
Minneapolis — Supervalu announced Monday that it will make sweeping changes among its executive ranks as part of a previously announced right-sizing program.
Newly minted president and CEO Sam Duncan has named former Kroger VP Mark Van Buskirk as EVP merchandising and marketing for Supervalu, charged with oversight of retail merchandising and marketing.
Former Albertsons executive Rob Woseth has been named EVP chief strategy officer, overseeing real estate and corporate development, as well as strategic growth opportunities.
Former Fred Meyer procurement executive Steve Fox has been named SVP food merchandising.
Among its other banners, Supervalu has named Ritchie Casteel as president and CEO of Save-A-Lot. Casteel spent 30 years in leadership positions with Albertsons Inc. Other appointments include: Eric Hymas has been named president of Shop ‘N Save, replacing Marlene Gebhard; Bill Parker has been named president, Farm Fresh, after serving for the past seven months in the role of interim president; Brian Audette will continue as president of CUB Foods; Matt Leiseth will continue as president of Hornbacher’s; and Bob Bly will continue as president of Shoppers.
Departing the company, according to Duncan, are Kevin Holt, president of Supervalu Retail; Tim Lowe, EVP merchandising; and Michael Moore, EVP and chief marketing officer.
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Coinstar launches PayPal functionality on select kiosks
Bellevue, Wash. — Coinstar has announced a new feature available at some Coinstar kiosks that enables consumers to deposit or withdraw funds from their PayPal accounts, as well as send money to another PayPal account.
The rollout began in February in Texas, Northern California, and Ohio, and will continue at select kiosks throughout the year, said the company.
The feature was test-piloted by Coinstar and PayPal in the Dallas metropolitan area in 2012. Initial test results revealed that 40% of kiosk users who used the PayPal feature went back to use PayPal on a Coinstar kiosk an average of two times a month.
“PayPal on Coinstar kiosks provide customers with a convenient way to add coins and paper currency to their PayPal account and spend their money anywhere PayPal is accepted,” said Dan Schatt, head of Financial Innovations at PayPal.