Mr. Bergren continued, "I am also extremely pleased to have David take charge of our private brand, merchandise planning and internet marketing initiatives for the combined Company, which play very significant roles in our goal of delivering improved profitability."
Additionally, the Company announced that James H. Baireuther, Vice Chairman and Chief Administrative Officer, is leaving the Company effective June 13, 2006.
Tim Grumbacher, Chairman of the Board of Bon-Ton Stores, stated, "We appreciate the many contributions Jim made to the Company during the past ten years. Jim played an important role in positioning the Bon-Ton to become a leading regional department store. The Board and I wish him continued success in all his endeavors."
Mr. Bergren commented further, "It has been a pleasure working with Jim since I joined the Bon-Ton in 2003. I value the expertise he brought to the Company during its expansion over the past several years. I wish Jim the best in his future opportunities. During an interim period, Jim's responsibilities will be reassigned to other members of senior management."
Bon-Ton Stores Inc operates 272 department stores and seven furniture galleries in 23 states in the Northeast, Midwest and Great Plains under the Bon-Ton, Bergner's, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger's and Younkers nameplates.
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