Former Michaels CEO to head Tuesday Morning on interim basis

DALLAS — Tuesday Morning has named former Michaels Stores president and CEO, Michael Rouleau as its interim CEO.

In his role as interim CEO, Rouleau will manage the company's day-to-day operations through the retention of a new CEO. He will continue to serve on the company's board of directors, which he joined in November 2012.

Rouleau succeeds Brady Churches, who has resigned as Tuesday Morning's CEO but will remain with the company in a consultative capacity. The company has engaged Spencer Stuart, a global executive search firm, to assist the board in the process to identify a permanent CEO.

Steven Becker, Tuesday Morning's chairman of the board, commented, "The board recognizes Brady's merchandising expertise and the company's recent top line momentum, and is pleased he will serve as a consultant. We move forward with the search for new leadership to drive operational improvement at every level of the company, truly transform the brand and capture market opportunities with focus and determination. Michael Rouleau brings a strong track record of retail operational excellence in this regard, and the board is confident that Tuesday Morning will benefit from his service as interim CEO."

"My immediate focus is to ensure that Tuesday Morning's associates, customers and business partners understand that this is a strong, stable company with great untapped potential," Rouleau added. "Translating potential into long-term, sustainable performance, however, will require building on the progress to date and working to deliver greater operational efficiencies from the supplier to store checkout."