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Mr Tom Stoltz resigns from Cato
05
Apr '08
The Cato Corporation announced that Tom Stoltz has resigned as Executive Vice President, Chief Financial Officer of the Company, effective April 18th.

Prior to assuming a position with another company, Mr. Stoltz will assist in the transition of his duties. The Company will initiate a search for his replacement including a review of internal candidates.

In the interim, John Howe, Senior Vice President and Controller will serve in the role of Principal Financial Officer. Mr. Howe will report directly to John Cato, Chairman, President and Chief Executive Officer.

John Cato commented, "Tom has made valuable contributions to the Company's success. We wish him well in his new position." Mr. Stoltz will be joining a privately-held sports apparel online retailer as their CFO.

"This new opportunity allows me to draw upon my past experiences to assist my new company to continue their rapid growth and to further develop their reporting and planning systems and controls," said Mr. Stoltz.

"I will miss the entire team at Cato and greatly appreciate the confidence they have entrusted in me. I believe with the Company's strong balance sheet, Cato is well-positioned to continue to realize profitable growth over the long-term."

The Cato Corporation


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