Bon-Ton holds back on CEO announcement

YORK, Pa. - Bon-Ton Stores said its board will postpone the naming of a new chief executive officer.

The company originally intended to name the new CEO following its regularly scheduled board meeting this week. The board decided to postpone the move due to the recent medical leave of Bud Bergren, vice chairman. Bergren, whose leave was unexpected, was "a leading candidate under consideration," according to Tim Grumbacher, current CEO and chairman.

"The Board feels it must delay the decision pending Bud's recovery," Grumbacher added. "In the meantime, I will continue in my active role as chairman and CEO, and our strong management team is committed to completing the Elder-Beerman integration and implementing the 2004 operating plan."

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!