Foot Locker CFO to step down amid management reshuffle
Foot Locker Inc. announced on Tuesday the resignation of Andrew Page from the role of chief financial officer, coinciding with a reshuffling of the company's supply chain, IT functions and commercial activities.
The U.S. specialty footwear retailer said Page will step down from his CFO role following its fourth quarter 2022 earnings release, to pursue other career opportunities.
Coinciding with the departure, Frank Bracken has been promoted to executive vice president and chief commercial officer, effective December 1, and will continue leading Foot Locker’s global retail banners, merchandising, and marketing, as well as digital, loyalty, and e-commerce.
Likewise, Elliott Rodgers joins Foot Locker as executive vice president and chief operations officer, effective December 1, and will oversee supply chain, information technology, and
Moreover, Rosalind Reeves has been promoted to executive vice president and chief human resources officer, and Robert Higginbotham has been promoted to senior vice president, investor relations and financial planning and analysis, both effective December 1.
“Separating our commercial activities from our supply chain and IT functions will better position FootLocker 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 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.”
Based in New York, Foot Locker's portfolio of brands include Foot Locker, Kids Foot Locker, Champs Sports, atmos, WSS, and Sidestep. It boasts approximately 2,800 retail stores in 28 countries across North America, Europe, Asia, Australia, and New Zealand.
Copyright © 2023 FashionNetwork.com All rights reserved.