OAKLAND, Calif. — Cost Plus here said Joseph H. Coulombe, founder of Trader Joe's Markets , has been named non-executive chairman. He will succeed Frederic M. Roberts, whose term expires June 17.
Coulombe — the “Joe” of Trader Joe’s — was chief executive officer of Trader Joe's from 1957 until 1989. He was subsequently president and CEO of Sports Chalet; CEO of Provigo Corp.'s U.S. operations; and co-chairman of Thrifty Drugs. He has been a director of Cost Plus since 1995.
"I am confident [Coulombe's] extensive operating experience in the retail and consumer products industries will enable him to continue making significant contributions," said Cost Plus operates 263 specialty retail stores in 30 states.
Read More of Today's Headlines