York-based The Bon-Ton Stores is under the direction of a new president and CEO.
The company announced in a news release Thursday that it appointed Kathryn Bufano to replace outgoing president and CEO Brendan Hoffman.
Hoffman, who will also give up his seat on the company's board of directors, opted not to renew his three-year contract, the release says.
Bufano will take over the reigns starting later this month and also will receive a seat on the board.
"I am excited to have the opportunity to lead The Bon-Ton team. I have great confidence in the company's future and I look forward to working with management and the board in executing a successful strategic plan and increasing shareholder value," Bufano said in the release.
Background: Bufano comes from a background in department stores. She most recently worked for North Carolina-based Belk Inc., serving as president and chief merchandising officers since 2010, the release says.
Bufano's résumé also includes jobs with Sears Roebuck & Company and Dress Barn, Inc., as well as roles with Macy's East and Lord & Taylor divisions of Federated Department Stores, the release says.
Tim Grumbacher, chairman of the board of directors and chief strategic officer, said Bufano's previous experience will prove beneficial to The Bon-Ton.
"Her years of experience in the department store industry will allow her to refine and drive the strategic growth initiatives we have put in place over the last several years," he said.
The Bon-Ton Stores operates 272 stores, including 10 furniture galleries, in 25 states under the nameplates of The Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's and Younkers.