BON-TON’S MICHAEL GLEIM TO RETIRE
NEW YORK — The Bon-Ton Stores said Friday that vice chairman and chief operating officer Michael Gleim will retire from the company on Feb. 2, 2002, the end of its current fiscal year.
Gleim, 59, is a 12-year veteran of the York, Penn.-based department-store operator, and will remain a director upon his retirement.
In a related move, the company announced the election of James Baireuther, executive vice president and chief financial officer, to the post of vice chairman and chief administrative officer. He also was named a member of the board. Baireuther, 55, will continue to serve as cfo, reporting to chairman and chief executive officer Tim Grumbacher. The administrative title is a newly created post and will encompass some responsibilities for the operation of stores, according to a spokeswoman. The chief operating officer position will be filled after Gleim’s official retirement, she added.
Additionally, Bon-Ton promoted Keith Plowman to senior vice president of finance, reporting to Baireuther. Plowman was vice president and controller.
H. Stephen Evans, senior vice president, real estate, legal and governmental affairs, will leave the company on Feb. 2 but hasn’t announced his plans. Robert Stern, vice president, real estate, general counsel and secretary, will assume Evans’s areas of responsibility, reporting to Grumbacher.