Mark Katz has been promoted to executive vice president and chief financial officer of Burlington Stores, Inc., the Florence, N.J.-based off-price retail chain.
Katz, who has been executive vice president of merchandise support and information technology since 2011, succeeds Todd Weyhrich, who is retiring after more than seven years in the post that included its 2013 initial public offering.
Katz joined Burlington as chief accounting officer in 2008 and was promoted to executive vice president of merchandise planning and allocation in 2009.
Earlier in his career, he was cfo of A.C. Moore Arts & Crafts, Inc. and senior vice president and chief information officer of Foot Locker, Inc. He held a number of financial posts with The May Department Stores Co. before joining Foot Locker.
Katz reports to Thomas Kingsbury, chairman, president and chief executive officer of Burlington. Kingsbury credited Katz with helping to implement a number of the company’s top priorities, “including a near doubling of our inventory turns and building the planning and allocation infrastructure that has enabled our improved execution of our off-price model.”
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Weyhrich joined Burlington as cfo in 2007 following tenures as cfo of Arby’s Restaurant Group, senior vice president of merger integration of The Sports Authority and vice president and controller of Pamida Holdings Corp., which became a subsidiary of ShopKo Stores, Inc.