Ashok Walia

Starbucks’ vet joins 99 Cents Only Stores exec team

BY Marianne Wilson

99 Cents Only Stores has named a new finance head.

The deep-discounter appointed Ashok (Ash) Walia as CFO, effective August 27, 2018. He will succeed Felicia Thornton, who will continue in her position as vice chair of the board of the company’s parent, Number Holdings.

Most recently, Wallis served as senior VP of corporate finance at Starbucks Corp., where he was responsible for leading corporate finance with a focus on controllership, treasury, post M&A integration, global tax and customs as well as U.S. facilities management. Prior to that, he was Starbucks’ senior VP of global integrated logistics/supply chain business operations.

Prior to his roles at Starbucks, Walia held positions of increasing responsibility at the Kellogg Company culminating as global VP, finance.

“Ash has decades of highly relevant experience at prominent multinational consumer companies, where his expertise in finance, operations, logistics and supply chain management contributed to significant improvements to operational efficiencies and bottom-line profitability,” said Jack Sinclair, CEO, 99 Cents Only Stores, which operates 388 stores located in California, Texas, Arizona and Nevada.


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