The Bon-Ton Stores, Inc. announced that Kathryn Bufano, President and Chief Executive Officer, has resigned from the company, effective August 25, 2017, upon expiration of her contract. William Tracy, the company's current Chief Operating Officer, will be named as President and Chief Executive Officer, effective August 25, 2017. Ms. Bufano will remain with the company as CEO through a transition period to ensure an orderly and effective leadership transition.

The company also announced that Chad Stauffer, one of the company's current General Merchandise Managers, has been named as EVP, Chief Merchandising Officer reporting to the Chief Executive Officer. In this role, Mr. Stauffer will be responsible for leading the company's merchandising strategy. Mr. Tracy has served as Chief Operating Officer of the company since July 2015.

Mr. Stauffer has spent over nine years at Bon-Ton, most recently serving as Senior Vice President and General Merchandise Manager of Center Core and Childrens.