Bon-Ton CEO Bergren to Retire
November 15, 2011,
YORK, Pa.-Bud Bergren, president and CEO of Bon-Ton Stores, announced his plans to retire yesterday.
Bergren will remain in his position, which he has held since Aug. 2004, until a successor is named, after which he will join the company's board of directors as chairman. Once Bergren becomes chairman, Tim Grumbacher will step down as executive chairman and remain a member of the board, the company said.
In thanking Bergren for his accomplishments and service, Grumbacher said Bergren has been instrumental in growing the company over the past 11 years. "We were extremely fortunate at the time of the Elder-Beerman acquisition in 2003 that Bud made the decision to accept our offer to become a member of our senior management team," Grumbacher said. "He has been an outstanding leader through good times and challenging times. I admire the enthusiasm and energy he brings to the Bon-Ton team every day in executing our vision for the future of this company. the board of directors and I are thrilled Bud has decided to continue to work with the company as chairman of our board of directors. I look forward to working with Bud in his new position."
Other Articles By Author
Adriana Hoyos Relaunches Brand at High Point Market
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.