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Bon-Ton searching for new ceo

Bon-Ton searching for new ceo York, PA —The Bon-Ton Stores’ board has formed a special leadership committee to recruit a new ceo now that chairman Tim Grumbacher is relinquishing the title.

The Grumbacher family will maintain a controlling ownership interest in the company, and Grumbacher will remain active in the company as chairman.

The search committee will consider internal and external candidates for the ceo spot. Three of the four board members on the committee are independents.