CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
WEATHER: Storms popping up across North Texas: Current Info | Live Radar | Check Traffic | View/Upload Pics
CBS DFW WEATHER APP: iPhone App Store | Android App Coming Oct | More Information

Local

Tuesday Morning Ousts Mason As CEO

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

179483733 10 Tuesday Morning Ousts Mason As CEORemembering Joan Rivers

181572784 8 Tuesday Morning Ousts Mason As CEOFunny Faced Cheerleaders

 alt=Musicians Then And Now

452359772 10 Tuesday Morning Ousts Mason As CEOBikini Model Pictures

 alt=New Survivor Cast Photos

cowb thumb Tuesday Morning Ousts Mason As CEOCowboys Cheerleaders

DALLAS (AP) - Tuesday Morning Corp. has fired its CEO and is on the hunt for a new leader.

The Dallas-based discount retailer Wednesday said that it relieved Kathleen Mason of her duties as president and CEO on Tuesday. She was appointed to the post in 2000.

Michael Marchetti, who’s executive vice president and chief operating officer, was promoted to president and chief operating officer. He will also serve as interim CEO.

Chairman Bruce Quinnell says the board of directors concluded it was the right time to transition leadership to a new executive.

Tuesday Morning, which sells closeout house ware and home decor items, reported in April that its third-quarter loss widened as fewer people visited its stores and bought less each visit.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out:

View Comments