NIPPER TO RETIRE FROM BELK’S
NEW YORK — Thomas Nipper will retire as chairman of Belk’s central division, based in Charlotte, N.C., on Sept. 29.
David Stovall Jr., currently chairman of Belk’s northern division, based in Raleigh, N.C., will succeed Nipper as chairman on July 3. Between July and September, Nipper, a 25-year Belk veteran, will act as an adviser. Stovall’s successor has not yet been named.
Nipper, who began his career with Macy’s, joined Belk in 1975 as vice president and general merchandise manager of the former Belk Bros. Group in Charlotte. In 1977, he became vice president of merchandising at Belk Stores Services and was promoted to senior vice president of merchandising in 1981. After 22 years with Stores Services, he was named to his current post in April 1999, when Belk’s 13 operating divisions were consolidated. The central division operates 47 Belks stores in the Carolinas.
Stovall joined Belk in 1986 as senior vice president of merchandising and sales promotion for the Belk Bros. unit based in Charlotte. He was promoted to executive vice president and supervising partner of the group three years later.
When Belk’s consolidated last year, he became chairman of the northern division, which operates 59 stores in the Carolinas, Virginia, West Virginia and Maryland.