Cato Names Two Directors
Charlotte, N.C., The Cato Corp. has named William H. Grigg and D. Harding Stowe to its board of directors. Grigg is chairman emeritus of Duke Energy Corp. and sits on the board of Associated Electric and Gas Insurers Ltd. Store is president and CEO of R.L. Store Mills Inc. and sits on the boards of the National Council of Textile Organizations; the National Cotton Council; and the Foundation of the University of North Carolina at Charlotte.
Pantry Buys Southern C-Store Chain
Sanford, N.C., The Pantry Inc. will acquire Rome, Ga.-based D&D Oil Co., which operates 53 c-stores under the Cowboys banner. D&D does business in Georgia, Alabama and Mississippi, selling gas under the BP and Cowboys brand names. The deal also includes two additional stores that are under construction, and the development rights to seven potential store sites.
CFO Tudor Resigns From Ingles Markets
Asheville, N.C., Ingles Markets Inc. today announced the resignation of Brenda S. Tudor, CFO and VP of finance, effective March 18. Ingles has begun to hunt for a new CFO, though Tudor will stay on part-time until a replacement is chosen. Tudor served 20 years with Ingles, eight of which she spent as CFO. She will not run for re-election for the board of the supermarket chain.