Cato CFO Resigns

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.