Paul Rigby elected to Bon-Ton board’s Audit Committee

The board of Bon-Ton Stores has elected Paul E. Rigby to its board, effective immediately. Rigby will join the Audit Committee.

Rigby has served on several private company boards since 2009, including Boscov's Department Stores. Prior to that, he was with JPMorgan Chase and its predecessor banks, where, beginning in 1983, he served in positions of increasing responsibility for 25 years, most recently as a managing director. During his time at JPMorgan Chase, he managed complex and multi-faceted relationships with numerous large- and medium-cap retailers, including The Bon-Ton Stores.

"Paul will add to our board's expertise and working knowledge on matters related to finance, strategic planning and capital structure optimization," said Tim Grumbacher, Chairman of the Board of Directors and Strategic Initiatives Officer, adding, "Paul is also highly experienced in corporate governance with knowledge gained through his service on the boards of numerous family-owned and founder-led enterprises."

He currently also serves on the boards of Ignite Progress, Lumisource, The Salvation Army, Chicago Metropolitan Division and Willow Creek Community Church. Rigby also has served as an executive consultant for Telemedicine Solutions.

The election of Rigby and that of Debra K. Simon in March 2016 increases the size of The Bon-Ton Stores board to 11 members. Two board members, Lucinda M. Baier and Philip M. Browne, are scheduled to retire from board service at the Annual Meeting of shareholders on June 14, 2016.