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Laurence Named 99 Cents Only CFO

In an executive suite shift, 99 Cents Only Stores LLC has announced that it appointed Christopher Laurence as interim chief financial officer, treasurer and secretary. He replaces Frank Schools, who, the company stated, has resigned to pursue other opportunities.

Laurence will supervise finance, accounting and treasury for 99 Cents Only Stores, the company maintained. He joins 99¢ Only Stores from ThreeSixty Group Ltd., a product development and sourcing company for North American consumer product brands and retailers, where he was CEO.

Prior to ThreeSixty Group, Laurence spent 10 years at Brentwood Associates, a Los Angeles-based private equity firm, where he served as a general partner.