![99 Cents Only Store North Hollywood, California. Photo by Downtowngal (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons.](https://i0.wp.com/mynewsla.com/wp-content/uploads/2015/04/99_Cents_Only_Store_North_Hollywood_California.jpg?ssl=1)
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.
—City News Service