Katz Leaves AC Moore for PE

A.C. Moore Arts & Crafts (Nasdaq: ACMR) said that executive vice president Marc Katz has resigned to “pursue a career opportunity in the private equity sector.” 

PRESS RELEASE

A.C. Moore Arts & Crafts, Inc. (Nasdaq:ACMR) today announced the resignation of Marc Katz, anticipated to be effective June 27, 2008, as Executive Vice President and Chief Financial Officer in order to pursue a career opportunity in the private equity sector.

Rick A. Lepley, Chief Executive Officer, said, We appreciate Marc's many contributions to A.C. Moore. We were fortunate to have him here to help us through the early part of this turnaround and we wish him success as he has been presented with another great opportunity. We have developed an extremely capable team and we feel certain that they will ensure a smooth transition.

It has been a pleasure to work with everyone at A.C. Moore and to have been a part of the first phase in the Company's turnaround, said Mr. Katz. I believe the Company is positioned well for the future and I am confident about the Company's long-term growth and success.

The Company will conduct a search for a new Chief Financial Officer and will consider both internal and external candidates. In the interim, the Company has named Michael G. Zawoysky, Vice President of Financial Planning and Analysis, as Acting Chief Financial Officer and has named Rodney B. Schriver, Vice President and Controller, as Principal Accounting Officer.

Prior to joining A.C. Moore in March 2007, Mr. Zawoysky served in various financial positions with Foot Locker, Inc., the national specialty athletic retailer, most recently as Executive Vice President and Chief Financial Officer of Foot Locker Europe and Chief Operating Officer and Chief Financial Officer of FootLocker.com.

Mr. Schriver, A.C. Moore's Controller since July 2004, was promoted to Vice President and Controller in March 2007. Prior to joining A.C. Moore, Mr. Schriver served as Vice President and Assistant Controller of Charming Shoppes, Inc., a national specialty retailer, from 1989 to 2004.

About A.C. Moore:

A.C. Moore is a specialty retailer of arts, crafts and floral merchandise for a wide range of customers. The Company currently serves customers through its 139 stores located in the Eastern United States from Maine to Florida and nationally via its e-commerce site, www.acmoore.com. For more information about A.C. Moore, visit our website at www.acmoore.com.