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Duckwall-ALCO CFO to resign

ABILENE, Kan. Duckwall-ALCO Stores announced that Donny Johnson, EVP and CFO, has resigned effective Aug. 13.

In addition to his role as CFO, Johnson -- who joined the company in August 2007 -- served as interim CEO for several months in 2008. He has resigned to accept a position with a privately held company near Tahlequah, Oklahoma.

Rich Wilson, Duckwall-ALCO's president and CEO, commented, "Donny has made an exceptional contribution to the company over the past three years. Our balance sheet is strong and our financial systems and processes are sound. We are sorry to see Donny go, but we recognize he and his family are eager to return to their home state of Oklahoma and to be closer to their family. We certainly wish him well."

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