Charlotte, N.C. Cato Corp. said on Friday that Tom Stoltz has resigned as CFO and executive VP, effective April 18, to join another company. The company said it will begin a search for Stoltz's replacement. Internal candidates will also be considered. Senior VP and controller John Howe will serve as CFO until a permanent replacement is found, the company said.
The company said that Stoltz, who joined Cato in late 2006, has joined a privately held online sports-apparel retailer as CFO. Cato did not identify the company.