Collective Brands Finance Chief to Retire

Topeka, Kan. Payless ShoeSource parent Collective Brands Inc. said Wednesday CFO Ullrich "Rick" E. Porzig, will retire.

Porzig has worked at the company for more than 14 years. He also holds the title of senior VP.

The company said Porzig will stay in his current role until September, through the filing of the company's second-quarter earnings report.

Collective Brands said it is searching for a successor.