NAPERVILLE, Ill., Dec. 7 /PRNewswire/ -- Factory Card Outlet Corp.
(Nasdaq: FCPY) announced today Thomas W. Stoltz, the Company's Vice President,
Finance, will resign effective December 11, 1998 to pursue another job
opportunity. The Company has hired Frederick G. Kraegel to perform the
responsibilities of Chief Financial Officer on an interim basis while the
Company explores a potential replacement for Mr. Stoltz.
Stewart M. Kasen, the Company's Chairman, President and Chief Executive
Officer, said "We are pleased to have Fred Kraegel join our team. Fred most
recently was President of First North American National Bank, a subsidiary of
Circuit City Stores, Inc., and he has held senior finance positions at Best
Products Co., Inc. and P.A. Bergner & Co. (now Carson Pirie Scott & Co.)"
Factory Card Outlet is a chain of company-owned superstores offering a
vast assortment of party supplies, greeting cards, gift wrap and other special
occasion merchandise at everyday value prices. The Company currently operates
213 company-owned stores in 23 states.
SOURCE Factory Card Outlet
 back to top
CONTACT:
Stewart Kasen, CEO and President,
630-579-2727, or Carol Travis, Vice President-Secretary,
630-579-2288, both of the Factory Card Outlet
|
