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Cato CFO resigns

Written on April 5, 2008

The chief financial officer of Cato Corp. has resigned, effective April 18.

Tom Stoltz will become CFO at an online sports-apparel retailer. A Cato press release doesn't identify the company by name.

John Howe, senior vice president and controller at Cato, will be interim CFO until a replacement is found.

"Tom has made valuable contributions to the company's success," says John Cato, chief executive 24 hour payday advances. "We wish him well in his new position."

Charlotte-based Cato (NYSE:CTR) sells women's apparel. The company operates 1,321 stores in 32 states.

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