99 Cents Only Stores name new president and CEO

May 14, 2020 – 10:02 pm

99 Cents Only Store North Hollywood, California. Photo by Downtowngal (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons. 99 Cents Only Stores LLC announced Friday the appointment of Geoffrey Covert as president and chief executive officer, effective immediately.

Covert was selected by the board of directors “for his extensive senior leadership experience in the grocery retail sector, having most recently served as a senior vice president at The Kroger Company, one of the world’s largest food retailers, ” a company statement said.

Interim CEO Andrew Giancamilli will remain with the company as chairman of the board and continue to work from its Commerce headquarters during a transition period.

“I am excited to join this growing and transforming business. I was attracted to 99 Cents Only Stores’ strong fundamental business strategy, longstanding brand loyalty among customers, and its long-term growth potential in the extreme value sector, ” Covert said.

Source: mynewsla.com

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