Hibbett Sports CFO to exit in April
Just two weeks after the announcement of the impending departure of its CEO Jeff Rosenthal, Birmingham, Alabama-based sportswear retailer Hibbett Sports, Inc. revealed on Friday that SVP and Chief Financial Officer Scott J. Bowman will be leaving the company to pursue a new opportunity at the end of this month.
Bowman first joined Hibbett as CFO in July 2012, having previously served as CFO of The Home Depot’s Northern Division for six years. Prior to this, he held the position of senior director for IT finance at the home improvement retailer from 2003 to 2006.
Bowman’s other professional experience includes stints in accounting management positions at Rubbermaid Home Products, Anchor Hocking Glass Company and The Sherwin-Williams Company.
“During his time at Hibbett, Scott helped drive company-wide efforts to create shareholder value through strategic initiatives and an acquisition that has improved the company’s competitive position,” said Rosenthal in a release. “We wish him all the best in his future endeavors. Going forward, I am confident that the strength of our accounting and finance team will keep us moving forward while we search for Scott’s replacement.”
No further details were provided concerning the company’s search for a new CFO. Bowman, whose resignation is effective April 26, will remain with the company through the end of this month to help ensure a smooth transition.
At the end of March, Hibbett, which is currently undertaking widespread store closures as part of its ongoing fleet optimization efforts, announced that it was already searching for Rosenthal’s successor as CEO, further specifying that the executive will stay with the company until his replacement can be found.
At the same time, the retailer also reported higher-than-expected fourth-quarter sales of $306.0 million, up 14.7% from $266.7 million in the prior-year period.
Copyright © 2022 FashionNetwork.com All rights reserved.