Cost Plus, Inc. Announces Organizational Changes.Business Editors OAKLAND, Calif.--(BUSINESS WIRE)--Aug. 17, 2001 Cost Plus, Inc. (Nasdaq:CPWM CPWM Certified Public Works Manager (New Jersey state license) CPWM Controlled Pulsewidth Modulation ) announced today the promotion of John Luttrell, 46, to Senior Vice President, Chief Financial Officer, replacing John Hoffner, who will be leaving to join Jack-in-the-Box as Executive Vice President, Chief Financial Officer. Mr. Luttrell has been with Cost Plus as Vice President, Controller since May of 2000. Prior to joining Cost Plus, Mr. Luttrell was Vice President, Controller at Bugle Boy Bugle Boy is a brand of pants popular in the 1980s founded by Dr. William Mow in 1977. It declared bankruptcy in 2001. Bugle Boy featured men's and boys' clothing, often with a denim theme. Industries, Inc. He began his career with Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing , and later held positions of increasing responsibility with several companies, including Chief Financial Officer. He received a B.S. in Management from Purdue University and is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . Also promoted was Jane Baughman, a five-year Cost Plus veteran, to the position of Vice President, Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and Treasurer. Her career spans 12 years with experience at retailers including The Gap and The Nature Company. She holds a degree in Business Economics from Wooster College. Murray Dashe, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "John Hoffner has made a significant contribution to our Company, and has earned the great opportunity which causes him to now depart. While we will miss him as a co-worker and friend, the exceptional depth of executive strength which we have built into this organization is clearly demonstrated in the promotions of John Luttrell and Jane Baughman." Cost Plus, Inc. is a leading specialty retailer of casual home living and entertaining products. As of August 15, the Company operated 139 stores in 19 states. |
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