Ken Hicks will retire as the president and chief executive of US-based Foot Locker on December 1, and as executive chairman of the board in May 2015.
He will be succeeded as president and chief executive by Richard Johnson, who has been with Foot Locker for 17 years and is currently chief operating officer. Johnson will also join the company’s board of directors from December 1.
Hicks joined Foot Locker in his current role in 2009.
Nicholas DiPaolo, lead director of the company’s board of directors, thanked Hicks for his work at Foot Locker and said: “Richard Johnson’s contributions through his 17 years at Foot Locker, during which time he has led all of our major businesses in the US, 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 organisation that has led to outstanding operational and financial results. We look forward to Foot Locker’s strong future with Richard leading the company.”
Foot Locker operates 3,460 stores across 23 countries in North America, Europe, Australia and New Zealand.