The Bon-Ton Stores, Inc. announced Thursday that Kathryn Bufano would assume the role of president and chief executive officer, effective Aug. 25, 2014.
Bufano will replace the company’s current president and CEO, Brendan Hoffman, who elected not to renew his three-year employment contract.
“I am excited to have the opportunity to lead the Bon-Ton team,” Bufano said. “I have great confidence in the Company’s future and I look forward to working with management and the Board in executing a successful strategic plan and increasing shareholder value.” She previously served as president and chief merchandising officer for Belk Inc. since August 2010, and prior to that was CEO of Vanity Shops, Inc.
Tim Grumbacher, Chairman of the Board and Chief Strategic Officer, said, “We are excited to have an executive with Kathryn’s talents and background assuming the role of President and Chief Executive Officer of the Company. Her years of experience in the department store industry will allow her to refine and drive the strategic growth initiatives we have put in place over the last several years. We look forward to Kathryn joining our team and leading the future success of our Company.”
Hoffman will resign his post effective with Bufano’s election, but will still play a role through a transition period.