Cato Finance Chief Quits

For now, Robert Sandler will serve as principal financial officer and report to CEO John Cato.
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Cato

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said finance chief Michael Moore resigned, effective Dec. 14.

The Charlotte, N.C., women's apparel retailer said it would search for a replacement.

In the interim, controller Robert Sandler will serve as principal financial officer and report to CEO John Cato.

"Mike has played an important role with us for over seven years and has made valuable contributions to the Company's success," Cato said. "We wish him well in his new position."

Cato shares were halted late Tuesday after adding 2 cents to $22.06.