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Tuesday Morning Corp. appoints retail veteran Michael Rouleau to board

Tuesday Morning Corporation announced that Michael Rouleau has been appointed as an independent member of the company's board of directors, effectively immediately. Rouleau will serve on the compensation and audit committees.

His extensive retail career began in 1962 at Target, at that time a mass-market discount concept operated by Dayton's Department Store. As one of Target's first 25 employees, Rouleau served in roles of increasing responsibility, eventually rising to executive vice president for merchandising and logistics/supply chain.

In 1988, Rouleau co-founded one of the country's first office supply chains, Office Warehouse, which went public in 1991 and was acquired by OfficeMax in 1992. He later held senior leadership positions with Lowe's (executive VP, retail operations, 1992-1996) and Michael's Stores (president and CEO, 1996-2006). Under Rouleau's leadership, Michael's Stores grew sales and profits for 10 consecutive years before it was sold in 2006.

"Michael Rouleau is a highly-accomplished retail executive with an impeccable track record of meeting challenges similar to those we confront at Tuesday Morning," said Steven R. Becker, chairman of the board. "We are pleased that he has joined the board at this time, and look forward to his active and involved board role."

"I am excited to be joining the Tuesday Morning board and believe that its competitively-differentiated business model and loyal customer base can serve as a strong foundation for the future," Rouleau said.

Rouleau has served as a member of the Retail Industry Leaders Association and Craft & Hobby Association. He received his bachelor's degree from the University of Minnesota in 1961.


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