York, Pa. - The Bon-Ton Stores, Inc. board of directors has unanimously elected Steven Silverstein to its board, effective immediately. Silverstein will serve on the Human Resources and Compensation Committee.
Silverstein, 53, has been president and CEO of Spencer Spirit Holdings, Inc. since 2003. The company operates two main retail brands, Spencer Gifts and Spirit Halloween. From 1992 to 2003, Silverstein served in positions of increasing responsibility at Linens ‘n Things, Inc., including president. Prior to that, Silverstein served as a divisional merchandise manager of Bloomingdale’s, Inc. He began his retail career at Macy’s, Inc. in 1981.
“We are very pleased to welcome Steven as a member of our board of directors,” said Tim Grummbacher, chairman of the Bon-Ton board of directors. “Steven possesses extraordinary experience in the retail and apparel industries and I believe his expertise and vast knowledge will be invaluable to Bon-Ton. We welcome Steven’s insight and counsel as we continue to execute our business strategies for profitable growth and increased shareholder value.”