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NATICK, Mass. -- BJ's Wholesale Club, Inc. here said yesterday that Paul McDonough, BJ's e.v.p. and c.f.o. since May 2005, has left the company to return to the insurance industry. Frank Forward, e.v.p., chief administrative officer, has succeeded him as BJ's interim c.f.o.
Forward was previously BJ's c.f.o. from July 1997 until May 2005.
Before coming to BJ's in September 2004, McDonough was v.p. and treasurer of the St. Paul Travelers Cos., Inc.
"Paul made a personal decision to return to the insurance industry," BJ's president and c.e.o. Mike Wedge said in a statement. "BJ's is very fortunate to have our former c.e.o. and current c.a.o., Frank Forward, to lead BJ's finance organization as we commence our search for a permanent replacement. Frank's key role in BJ's growth and success for more than 20 years will ensure a seamless transition of leadership."
BJ's operates 159 BJ's Wholesale clubs and two ProFoods Restaurant Supply clubs.