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Weis Markets names VP/corporate controller
Sunbury, Pa. -- Weis Markets has promoted Paul Stombaugh to VP/corporate controller.
Stombaugh will take on an expanded role in the company’s decision support and its strategic development. He also will continue to oversee its financial accounting and reporting functions, internal controls, treasury and budgets, Weis reported. He will continue to report to Scott Frost, SVP and CFO.
Prior to joining the company in 2010, Stombaugh worked in several progressive management roles at Foot Locker’s financial center. -
Finish Line Q4 profit down
Indianapolis -- The Finish Line said its fourth-quarter profit dropped 18% as gross margins fell and overall sales declined more than analysts expected. The chain’s adjusted earnings and same-store sales growth, however, were in-line with its expectations.
For the fourth quarter ended March 2, Finish Line reported net income of $34.3 million, down from $41.9 million a year earlier.