Effective Dec. 1, Ken Hicks will retire after five years of serving as president and chief executive of Foot Locker. He will remain chairman of the executive board through May 2015, until the next annual meeting of the shareholders and will leave that post then as well. The 61-year-old who formerly worked for J.C. Pennney will be replaced by Richard Johnson, currently chief operating officer of the retail group.
56-year-old Johnson arrived at Foot Locker in 1997, when the chain acquired Eastbay where he served in the senior management. Since then, he held various positions at Foot Locker, including Executive Vice President and chief of the U.S. as well as European operations and footlocker.com/Eastbay. On Dec. 1, Johnson will also become a member of the board of directors. Until Hicks’ definitive departure, the two will work closely together to develop the next phase of the group’s strategic long-term plan to be presented next spring.