CITY OF COMMERCE, Calif.--(BUSINESS WIRE)--
99 Cents Only Stores LLC announced today that Christopher A. Laurence
has been appointed as Interim Chief Financial Officer, Treasurer and
Secretary, effective today. Mr. Laurence replaces Frank Schools, who has
resigned to pursue other opportunities. Mr. Laurence will be responsible
for overseeing finance, accounting and treasury for 99 Cents Only Stores.
Mr. Laurence joins 99˘ Only Stores from ThreeSixty Group Ltd., a leading
product development and sourcing company for North American consumer
product brands and retailers. Based in Hong Kong, he served as its Chief
Executive Officer for the past six years. In his 12-year tenure with
ThreeSixty Group, Mr. Laurence held a variety of key positions including
President and Chief Operating Officer, Executive Vice President,
Operations and Finance, and Chief Financial Officer.
Prior to ThreeSixty Group, Mr. Laurence spent 10 years at Brentwood
Associates, a Los Angeles-based private equity firm, where he was a
General Partner. Mr. Laurence began his career in Morgan Stanley’s
investment banking group after graduating from Brown University with a
degree in Economics.
About 99˘ Only Stores
Founded in 1982, 99˘ Only Stores currently operates 348 extreme value
retail stores consisting of 247 stores in California, 48 in Texas, 35 in
Arizona and 18 in Nevada. 99˘ Only Stores emphasizes quality name-brand
consumables, priced at an excellent value, in convenient, attractively
merchandised stores. Over half of the Company's sales come from food and
beverages, including produce, dairy, deli and frozen foods, along with
organic and gourmet foods. For more information, visit http://www.99only.com.
For 99 Cents Only Stores LLC
Bill Mendel, 212-397-1030
Source: 99 Cents Only Stores LLC