YORK, Pa.–The Bon-Ton Stores’ board of directors has asked Byron “Bud” Bergren to continue in his role as president and chief executive officer, and Bergren has agreed.
Bergren’s contract stipulates he would serve as president and CEO through Jan. 31, 2009.
The contract said Bergren would assume another important role until February 2010. The board has now determined that they want him to continue as president and CEO, a spokeswoman confirmed.
“Our board has been very pleased with Bud’s vision, leadership and execution since he joined Bon-Ton five years ago; and therefore, we have requested Bud continue as president and chief executive officer,” Tim Grumbacher, executive chairman of the board of directors, said in a statement.
“We have great confidence that Bud will guide us through this difficult macroeconomic environment and position our company for future growth and profitability.”
“I welcome the opportunity to continue to lead Bon-Ton’s strong, experienced management team and dedicated group of associates,” Bergren said in the statement.
The Bon-Ton Stores operates 281 stores, including 12 furniture galleries.