The Cato Corporation confirms CFO transition plans
Fashion retail group The Cato Corporation has confirmed that its chief financial officer John Howe is planning to retire on 17 January following 35 years with the company.
However. he will remain employed with the business until 1 May to assist with the transition to his successor, Chuck Knight.
John Cato, chairman, president and chief executive of Cato Corporation, said: “I’d like to sincerely thank John Howe for his many contributions to Cato over the last 35 years, including the last 13 as CFO and in numerous positions with our finance team during his career with the company. His steady hand and effective leadership have enabled the company to soundly finance its operations and growth over the years.”
Due to take up his role on 17 January, Knight previously worked with The Vitamin Shoppe, first as senior vice president, chief accounting officer, and then as executive vice president, chief financial officer. Prior to that, he served as senior vice president, corporate controller for Toys “R” Us.
Cato added: “We are excited to welcome Chuck Knight to the Cato executive leadership team. We believe the extensive experience that Chuck brings to Cato will make him a valuable asset to the organisation.”