Frank Bracken Named Chief Commercial
Officer; Elliott Rodgers Joins Company as Chief Operations
Officer
Andrew Page to
Step Down as Chief Financial Officer Following Fourth Quarter
Earnings Report; Company Commences Search for Successor
NEW
YORK, Nov. 29, 2022 /PRNewswire/ -- Foot Locker,
Inc. (NYSE: FL) ("Foot Locker" or the "Company"), the New York-based specialty athletic retailer,
today announced leadership team appointments to support growth and
enhance operational efficiency, as well as a planned transition of
the Company's Chief Financial Officer. The Company's leadership
changes are as follows:
- Frank Bracken has been named
Executive Vice President and Chief Commercial Officer, effective
December 1, 2022, and will continue
leading Foot Locker's global retail banners, merchandising, and
marketing, as well as digital, loyalty, and e-commerce. Mr. Bracken
is a critical enterprise leader who has held multiple leadership
roles in his more than 12 years at Foot Locker. Notably, he has
been instrumental in developing and executing the Company's
strategy to drive the elevation and expansion of the Company's core
banners – Foot Locker, Kids Foot Locker, Champs and, most recently,
WSS and atmos.
- Elliott Rodgers joins the
Company as Executive Vice President and Chief Operations Officer,
effective December 1, 2022, and will
oversee supply chain, information technology, and procurement. Mr.
Rodgers brings to Foot Locker over 20 years of leadership
experience in operations planning, supply chain, logistics,
information technology, and enterprise data and analytics. He was
previously an executive at Ulta Beauty, Inc. for eight years,
serving as Chief Supply Chain Officer, Chief Information Officer,
and Senior Vice President, Supply Chain.
- Andrew Page will transition out
of his role of Chief Financial Officer following the Company's
fourth quarter 2022 earnings report to pursue other opportunities.
Foot Locker is initiating a comprehensive search, with the
assistance of a leading executive recruiting firm, to identify his
successor.
- Rosalind Reeves, Vice President,
Talent, Diversity and Organization Capability, has been promoted to
Executive Vice President and Chief Human Resources Officer,
effective December 1, 2022. Ms.
Reeves brings to the role more than 25 years of experience in human
resources and deep expertise in talent acquisition and talent
management; Diversity, Equity, and Inclusion programs; employee
engagement, learning and development; and benefits. Ms. Reeves
succeeds Elizabeth Norberg, who will
step down as Chief Human Resources Officer, effective December 1, 2022, and will remain with the
Company for a transition period.
- Robert Higginbotham, Vice
President, Investor Relations, has been promoted to Senior Vice
President, Investor Relations and Financial Planning and Analysis,
effective December 1, 2022. In his
expanded role, Mr. Higginbotham will have direct responsibility for
the Financial Planning and Analysis team, in addition to Investor
Relations. Mr. Higginbotham previously spent nearly 20 years on
Wall Street as an equity research analyst and portfolio manager
focused on the retail, footwear, and apparel sectors and has
significant financial and analytical experience.
"Separating our commercial activities from our supply chain and
IT functions will better position Foot Locker to support growth and
enhance operating efficiency as we invest in unleashing the power
of our leading retail banners by simplifying our operations and
expanding our omnichannel, loyalty, and digital capabilities," said
Mary N. Dillon, Foot Locker's
President and Chief Executive Officer. "Frank has done an
outstanding job overseeing growth initiatives across Foot Locker's
banners, operating divisions, and geographies, and I am pleased he
will continue leading these efforts. In addition, Elliott's track
record of execution in supply chain, logistics, ecommerce
fulfillment, and IT make him an ideal addition to Foot Locker's
team. I am thrilled to partner with both Frank and Elliott – and
the rest of our executive team – as we continue advancing Foot
Locker's strategic priorities and creating value for our
shareholders, customers, and other stakeholders."
Ms. Dillon added, "On behalf of everyone at Foot Locker, I want
to thank both Andrew and Elizabeth for their significant
contributions to our company and wish them well in their next
chapters. Andrew has played an important role in helping to advance
our strategy and we appreciate being able to continue to benefit
from his expertise and leadership of our finance function until the
Company releases its fourth quarter 2022 earnings report to ensure
a smooth and orderly succession. Elizabeth has also made valuable
contributions to the growth of Foot Locker and has been
instrumental in building on the Company's diverse and inclusive
culture, attracting top talent, and empowering our team members to
perform to their fullest potential. I am pleased to be able to
recognize Rosalind's and Rob's efforts with their promotions, and I
look forward to working more closely with them as they take on
expanded responsibilities in their respective new roles."
About Elliott Rodgers
Elliott Rodgers has over 20 years
of executive experience in cross-functional leadership positions in
supply chain, logistics, operations, transportation, information
technology, omnichannel, and ecommerce fulfillment. He most
recently served as Chief People Officer at project44, a leading
supply chain visibility technology platform, where he led several
operational initiatives related to new market launches and
personnel management. Prior to that, Elliott was an executive at
Ulta Beauty, Inc. for eight years, serving as Chief Information
Officer, Chief Supply Chain Officer, and Senior Vice President,
Supply Chain. In these roles, Elliott was responsible for retail
distribution, transportation, supplier performance improvement,
ecommerce fulfillment, and fulfillment innovation, among other
functions. Earlier in his career, he held operations-focused
leadership positions at Target, Caesars Entertainment, and
Citigroup. Elliott currently serves on the Board of Directors of
Levi Strauss & Co. and After School Matters, a non-profit
organization serving Chicago
teens. He received his MBA from Harvard
Business School and B.S. in Political Science from the
United States Military Academy at West
Point.
About Foot Locker, Inc.
Foot Locker, Inc. leads the celebration of sneaker and youth
culture around the globe through a portfolio of brands, including
Foot Locker, Kids Foot Locker, Champs Sports, atmos, WSS, and
Sidestep. With approximately 2,800 retail stores in 28 countries
across North America, Europe, Asia,
Australia, and New Zealand, as well as websites and mobile
apps, the Company's purpose is to inspire and empower youth culture
around the world by fueling a shared passion for self-expression
and creating unrivaled experiences at the heart of the global
sneaker community. Foot Locker, Inc. has its corporate headquarters
in New York. For additional
information please visit footlocker-inc.com.
Disclosure Regarding
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Other than
statements of historical facts, all statements which address
activities, events, or developments that the Company anticipates
will or may occur in the future, including, but not limited to,
such things as future capital expenditures, expansion, strategic
plans, financial objectives, dividend payments, stock repurchases,
growth of the Company's business and operations, including future
cash flows, revenues, and earnings, and other such matters, are
forward-looking statements. These forward-looking statements
are based on many assumptions and factors, which are detailed in
the Company's filings with the U.S. Securities and Exchange
Commission.
These forward-looking statements are based largely on our
expectations and judgments and are subject to a number of risks and
uncertainties, many of which are unforeseeable and beyond our
control. For additional discussion regarding risks and
uncertainties that may affect forward-looking statements, see "Risk
Factors" disclosed in the Company's Annual Report on Form 10-K for
the year ended January 29, 2022 filed on March 24,
2022. Any changes in such assumptions or factors could produce
significantly different results. The Company undertakes no
obligation to update the forward-looking statements, whether as a
result of new information, future events, or otherwise.
Investor Contact:
Robert Higginbotham
Vice President, Investor Relations
robert.higginbotham@footlocker.com
(212) 720-4600
Media Contact:
Matthew DiTaranto
Senior Director, Corporate
Communications
matt.ditaranto@footlocker.com
(718) 970-1260
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SOURCE Foot Locker IR