New York City — As part of a planned succession process, Richard A. Johnson will retire as president and chief executive officer of Foot Locker, effective September 1, 2022. Mary N. Dillon, former executive chair and CEO of Ulta Beauty, Inc., has been appointed president and chief executive officer and a member of the Foot Locker board, also effective September 1, 2022.
Johnson will continue as executive chairman of the board through January 31, 2023, and will step down from the board at that time, subsequently remaining with the company as a senior advisor to the CEO until early April 2023 to facilitate a smooth transition. The company’s board has determined that the chair and CEO roles will be separated, also effective September 1, 2022, and the company’s lead independent director, Dona D. Young, will become non-executive chair, effective February 1, 2023.
Johnson has had a distinguished three-decade long career at Foot Locker, including having served as the company’s CEO since 2014 following 2 years as chief operating officer and holding multiple other divisional leadership roles.
Dillon has over 35 years of experience leading consumer-driven businesses in a diverse range of industries, from consumer-packaged goods to restaurants to telecom to beauty and retail. Most recently, she served as executive chair of Ulta Beauty, after having served as CEO for 8 years. Previously, Dillon served as president, CEO and a member of the board of directors of U.S. Cellular, the global chief marketing officer of McDonald’s Corp., and held leadership roles at PepsiCo.
Foot Locker, Inc. operates through a portfolio of brands including Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS and Sidestep. The company has approximately 2,800 retail stores in 28 countries across North America, Europe, Asia, Australia and New Zealand. Foot Locker, Inc. has its corporate headquarters in New York. For more information, visit www.footlocker-inc.com.
SOURCE: Foot Locker, Inc.