Value women's fashion retailer Cato has appointed Reynolds C Faulkner as the company's new executive vice president, chief financial officer.

Faulkner, who takes up the post on 15 May joins from the CFO position at Tennessee-based Kirkland's and also has investment banking experience.

He will report to chairman, president and chief executive John Cato and will be responsible for all financial aspects of the company, plus distribution and information technology.

"I am pleased to announce the addition of Rennie to our management team," said Cato. "His experience in retail and finance brings unique value to Cato."