99 Cents Only appoints Thornton CFO

Felicia Thornton, the industry veteran who presided over Demoulas Super Markets while the chain was in the midst of a worker walkout last year, has been appointed CFO and treasurer of 99 Cents Only Stores, the City of Commerce, Calif., discounter said Monday.

Thornton will be responsible for overseeing finance, accounting, treasury, risk management, legal and IT functions for the company. Her appointment is part of a broader operating advisor agreement with Ares Management, the

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