Added another well qualified director. Former P[resident of Advanced Auto Parts
Jim Wade, who possesses 35 years of retail expertise, has been appointed as an independent member of the Company's Board of Directors, effective immediately. He will serve on the Company's Audit Committee.
Wade currently serves on the Board of Directors and Finance Committee for Advance Auto Parts, Inc., the largest automotive aftermarket parts distributor in North America. He first joined Advance Auto Parts in 1994 as Treasurer, and retired as President in 2011 with responsibilities including store operations and both the DIY and Commercial businesses. Since 1994, Advance Auto Parts has expanded from approximately 300 stores to over 5,200 stores and increased revenue to $9.3 billion.
Wade also currently serves on the Board of Directors and Audit Committee of Lumber Liquidators Holdings, Inc., the largest specialty retailer of hardwood flooring in North America, in addition to providing leadership on numerous non-profit, industry, and educational Boards.
"We welcome Jim to the Tuesday Morning Board of Directors, where his retail, logistics and operational experience will be highly complementary to the Board's ongoing work," said Steven R. Becker, Chairman of the Board. "In particular, his integral role establishing Advance Auto Parts as a leading customer service-focused organization carries important lessons for Tuesday Morning, and we look forward to benefiting from his expertise."
Earlier in his career, Wade held senior management positions with S.H. Heironimus, Inc., a regional department store company, and American Motor Inns, Inc., a publicly-traded hotel franchisee, and served as an accountant at KPMG.