14.05.2007 21:51:00
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Michael J. Metheny Joins A.C. Moore as Vice President of Supply Chain
A.C. Moore Arts & Crafts, Inc. (Nasdaq: ACMR) announced that Michael J.
Metheny has joined the Company as Vice President of Supply Chain
effective May 14, 2007.
Mr. Metheny was most recently with Federated Department Stores, the $27
billion national department store retailer. He served for 15 years with
The May Department Stores Company until December 2005, when May was
acquired by Federated. During his tenure with May, he held various
supply chain senior management positions, most recently as Divisional
Vice President/Director, Expense and Operations Analysis.
Lawrence H. Fine, President and Chief Operating Officer, stated, "We’re
extremely pleased to welcome Mike Metheny to manage A.C. Moore’s
distribution and transportation operations. He has both the leadership
skills and background to provide us with the strategic and tactical
direction we need to further improve our supply chain.”
Mr. Metheny holds a Business Administration degree from University of
Missouri-Columbia.
About A.C. Moore:
A.C. Moore operates arts and crafts stores that offer a vast assortment
of traditional and contemporary arts and crafts merchandise for a wide
range of customers. The Company operates 124 stores in the Eastern
United States. For more information about the Company, visit our website
at www.acmoore.com.
This press release contains statements that are forward-looking
within the meaning of applicable federal securities laws and are based
on A.C. Moore's current expectations and assumptions as of this date.
The Company undertakes no obligation to update or revise any
forward-looking statement whether the result of new developments or
otherwise. These statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially from
those anticipated. Factors that could cause actual results to
differ from those anticipated include, but are not limited to, the
Company's ability to implement its business and operating initiatives to
improve profitability, customer demand and trends in the arts and crafts
industry, inventory risks, the effect of economic conditions and
gasoline prices, the impact of unfavorable weather conditions, the
impact of competitors' locations or pricing, the availability of
acceptable real estate locations for new stores, difficulties with
respect to new system technologies, difficulties in implementing
measures to reduce costs and expenses and improve margins, supply
constraints or difficulties, the effectiveness of and changes to
advertising strategies, the costs associated with a change in
management, difficulties in determining the outcome and impact of
litigation, the impact of the threat of terrorist attacks and war, the
Company's ability to maintain an effective system of internal control
over financial reporting and other risks detailed in the Company's
Securities and Exchange Commission filings.
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