Tuesday Morning, the off-price home goods retailer, has appointed Andrew T. Berger to lead the company as CEO. He replaces Fred Hand, who joined the company in May 2021. Berger’s appointment is effective immediately, following Hand’s decision to retire from the chief leadership role and the retailer’s board.
At the time of Berger’s September 2022 appointment as Director of Tuesday Morning, the company had received a $32 million investment from Retail Ecommerce Ventures (REV), parent company of Pier 1 Imports, Linens ‘n Things and Stein Mart, and Ayon Capital. The investment was coupled with an additional $3 million in convertible debt financing from Tuesday Morning executives, including Hand, to support the company’s omnichannel turnaround and avoid bankruptcy for a second time since 2020.
Berger’s 25-year career includes roles in investment analysis, investment management and business consulting. His previous experience includes roles as CEO of fast-casual restaurant chain Cosi, Inc. and Director of Rocky Mountain Chocolate Factory, Inc.
In addition to the CEO transition, Tuesday Morning has made other executive changes. Former CIO and Chief Marketing Officer Bill Baumann has been appointed COO following Marc Katz’s decision to retire from the COO and interim CFO roles. Berger will serve as interim CFO until the company makes a permanent appointment to the position. Baumann also will serve as Tuesday Morning’s Chief Merchant following the retirement of Paul Metcalf, Principal and Chief Merchant, until a permanent appointment has been made.
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Hand, Katz and Metcalf will continue to serve as consultants to the company through June 30, 2023 to support a smooth transition.
