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.
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