The board of directors of Foot Locker Inc. announced that Richard A. Johnson has been appointed chief executive officer of Foot Locker.
Johnson has also been appointed to the company’s board of directors, effective 1 December, 2014.
He succeeds Ken Hicks, who intends to retire as president and chief executive officer of the company on 1 December, 2014. Hicks will continue as executive chairman of the board through the company’s annual meeting of shareholders and will remain actively involved in the company, participating in operations through the first quarter of fiscal 2015.
Richard Johnson joined Foot Locker in 1997, when the company acquired Eastbay, where he had been on the senior leadership team. He assumed his most recent position as chief operating officer (COO) of Foot Locker in May 2012. Before that, Johnson held different leading positions including president and CEO of the Foot Locker divisions in the US, Foot Locker Europe and Footlocker.com/Eastbay.
“Richard Johnson’s contributions through his 17 years at Foot Locker, during which time he has led all of our major businesses in the U.S., international, and direct to customer, make him uniquely qualified to lead Foot Locker. He has been instrumental to the company’s success, working closely with Ken in creating and implementing the strategic business plan for the organization that has led to outstanding operational and financial results,” comments Nicholas DiPaolo, lead director of the company’s board of directors.