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8/22/2012 5:17 PM ET

Cabela's Inc. (CAB: Quote) Wednesday apointed Sean Baker as its President of World's Foremost Bank. Baker will also replace Joseph Friebe as the new Chief Executive Officer, effective January 1, 2013.

Baker joined Cabela's as a financial analyst and was later promoted to director of accounting and finance/controller. He later assumed the position of senior director of finance. Baker most recently served as SVP, Business Development of World's Foremost Bank.

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