US – Tully’s appoints Pennington ceo

Milan – Specialty coffee retailer and wholesaler Tully’s Coffee has added ceo to the title of company President Carl Pennington. Since Pennington joined the company in January 2008, Tully’s has added 35 stores and plans to open several more in the next year. The company reported net income of US$314,000 from continuing operations for the year that ended March 29, compared with a net loss of US$16.3 million in the previous fiscal year 2008.