99 Cents Only Stores Appoints Chief Financial Officer

99 Cents Only Stores has appointed Ashok Walia as chief financial officer, where he will be responsible for overseeing finance, accounting, treasury, marketing and information technology functions for the company.

He will succeed Felicia Thornton, who will continue in her position as vice chair of the board of directors of Number Holdings, Inc., the company’s direct parent.

Most recently, Walia served as svp/corporate finance at Starbucks Corporation. Prior to that, he was Starbucks’ svp/global integrated logistics/supply chain business operations. Prior to his roles at Starbucks, Walia held positions of increasing responsibility at the Kellogg Company culminating as global vice president, finance.

“I am delighted to welcome Ash as our new CFO,” said Jack Sinclair, CEO of 99 Cents Only Stores. “Ash has decades of highly relevant experience at prominent multinational consumer companies, where his expertise in finance, operations, logistics and supply chain management contributed to significant improvements to operational efficiencies and bottom-line profitability. We believe he will be an excellent fit and is ideally suited to lead the finance, IT and marketing teams at 99 Cents Only Stores as we execute our operational, financial and strategic objectives.”