Cost-U-Less Announces Management Changes.Business Editors PRESTON, Wash.--(BUSINESS WIRE)--Aug. 11, 2000 Cost-U-Less, Inc. (the "Company") (Nasdaq:CULS CULS Capital University Law School (Columbus, Ohio) ) today announced, as part of its plan to focus on improving store operations and identifying new markets for future expansion, the promotions of Roy Sorensen to Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , and Martin Moore to Vice President and Chief Financial Officer. Sorensen was previously Chief Financial Officer, while Moore was the Company's Controller. J. Jeffrey Meder, 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. and President, said, "We believe these management changes support our plan to improve store performance, and will also provide the necessary management resources needed to successfully implement a store expansion program. Roy has extensive retail experience, and has been very involved in the operations of the stores. Martin has been Controller since December 1998, and has previous public company and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. experience." The Company also announced the promotions of Bob Cain to Vice President of Logistics, and Brian Rose Brian Rose can refer to
Cost-U-Less, a leading operator of non-membership warehouse "club-style" stores, currently operates 12 stores in U.S. territory and foreign island markets. |
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