Dillard's Inc. announced the appointment of Phillip R. Watts, 52, as a Principal Vice President effective February 1, 2015. Mr. Watts will be principal accounting officer and principal financial officer over the areas of accounting and taxation. Mr. Watts joined the company's tax department in 1994.

In his role as Vice President of Tax, Mr. Watts is responsible for all income tax accounting and disclosures as well as all income and sales & use tax compliance and property tax accounting. He is also responsible for the company's payroll operations and compliance functions. The company also announced the appointment of Chris Johnson, 43, as a Principal Vice President effective February 1, 2015.

Mr. Johnson will be principal financial officer over the areas of treasury and real estate. Mr. Johnson joined Dillard's in 2006 as Vice President of Accounting where he was responsible for financial accounting management, Securities and Exchange Commission reporting, budgeting, planning and financial analysis.