Retailer 99 Cents Only Taps Interim CEO from Alvarez & Marsal

Discount retailer 99 Cents Only Stores LLC informed investors that it named a new interim chief executive officer as it undergoes a management reshuffling, according to people with knowledge of the matter.

• Michael Simoncic will assume the interim role, said the people, who asked not to be identified because the matter is private
  • He replaces Barry Feld, who joined the company as chief executive in March 2020. Feld will now serve as a strategic adviser for a year, they added
• Simoncic is a managing director at Alvarez & Marsal Inc.’s consumer and retail group, where he focuses on performance ...