Dale to resign as Duckwall-ALCO ceo

ABILENE, Kan. Bruce Dale has resigned as president and ceo of Duckwall-ALCO Stores, the company announced today. Dale joined Duckwall-ALCO in 2005 at the start of its initiative to revitalize the company.

The company said it has begun a search for a new ceo. Donny Johnson, senior vp and cfo, will assume the role of interim ceo until a replacement is found.

Warren Gfeller, board chairman, stated, "We are grateful to Bruce for his energy, his leadership and his commitment to repositioning Duckwall-ALCO Stores. As Bruce departs, we are fortunate to have Donny Johnson serve as interim ceo."