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THE CATO CORPORATION ANNOUNCES NEW CHIEF FINANCIAL OFFICER

 THE CATO CORPORATION ANNOUNCES NEW CHIEF FINANCIAL OFFICER
 CHARLOTTE, N.C., July 23 /PRNewswire/ -- The Cato Corporation


(NASDAQ-NMS: CACOA) reported that Mr. Alan E. Wiley has joined the Company as its Executive Vice President Finance and Chief Financial Officer. Mr. Wiley was most recently president and owner of Gibbs-Louis, Inc., an Orlando, Florida women's specialty store operation. From 1981 to 1990, Wiley served in several senior vice president level positions with British American Tobacco, U.S. (Batus), including Chief Financial Officer of its $325 million J.B. Ivey & Company retail division from 1985 to 1989.
 The Company's Vice Chairman and Chief Financial Officer, Larry Wright, has resigned to pursue other turnaround situations and business opportunities. Mr. Wright has also resigned from the Company's board of directors, but he will continue his long-term association with the Company as an advisor to Mr. Wayland H. Cato, Jr., Chairman and Chief Executive Officer.
 Mr. Cato stated that Mr. Wright had been an important member of the team responsible for the exceptional success of the Company's turnaround to record profitability and that the Company would continue to benefit from his counsel as a consultant.
 Mr. Cato also reported the appointment of Skip Severson, Senior Vice President-Chief Real Estate Officer and Pat McIntyre, Senior Vice President-Chief Information Officer to the Company's Management Executive Group in recognition of the importance of their key roles in the Company's turnaround and accelerated growth plans.
 The Cato Corporation operates approximately 500 women's apparel specialty stores in 23 states. It's shares are traded on the NASDAQ National Market System under the symbol CACOA.
 -0- 7/23/92
 /CONTACT: V. Hollis Scott, Senior Vice President, Treasurer and Secretary, The Cato Corporation, 704-551-7266/
 (CACOA) CO: The Cato Corporation ST: North Carolina IN: REA SU: PER


DF -- CH009 -- 2405 07/23/92 10:35 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
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