CEO of Duckwall-ALCO Resigns

Abilene, Kan. Bruce Dale has resigned as president and CEO of Duckwall-ALCO Stores, the company announced Friday. 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."