Dallas – Freshly out of bankruptcy, Tuesday Morning announced CEO Steven Becker will conclude his tenure later this year.
His employment agreement runs through June 31, although he will remain in place past that date if the company has not yet hired a successor. He is contracting to remain involved with the off-price company as a consultant through Sept. 30 to ensure a smooth transition.
Becker joined the company as CEO in 2015 and had been serving as chairman of the board for three years prior to that.
Tuesday Morning filed for Chapter 11 last May and emerged from bankruptcy earlier this month with new debt financing. It shed roughly 200 stores along the way and now operates 490 units in 40 states.