Foot Locker, Inc. Implements New Organizational Structure to Improve Performance and Advance Key Strategic Imperative to Improve Customer Experience

NEW YORK, July 23, 2020 /PRNewswire/ — Foot Locker, Inc. (NYSE: FL), the New York-based specialty sports retailer, announced a new organizational structure designed to foster greater agility and speed of action as the company continues to advance its key strategic imperative to improve the customer experience. Senior management promotions and organizational changes implemented:

  • Connect the company’s customer contact functions globally, in a synergistic manner, to further focus on the overall customer experience and ongoing engagement;
  • Strengthen Foot Locker’s community connectivity capability to create more localized and immersive customer experiences, product offerings and community activations;
  • Streamline the structure of business operations and expenses to increase productivity and flexibility across the organization; and
  • Continue to develop future capabilities and a strong talent pipeline.

“At a time when the world around us is moving and changing at a rapid pace, our new organizational structure positions us to operate with greater agility and develop even deeper connections at the heart of youth culture,” said Richard JohnsonPresident and CEO, Foot Locker, Inc. “We remain focused on our mantra for BUILD, BACK, BETTER while continuing to deliver on our four key strategic imperatives, and leveraging our consumer-focused offense to further elevate The customer The steps we are taking today position Foot Locker more strongly in the short and long term, and I am confident in our team’s ability to continue to drive our business forward in new and meaningful ways.”

As part of the new organizational structure, the Company announces the following senior management promotions:

The Company has appointed Andy Gray lead the company’s efforts to improve the customer experience around the world in the new role of Executive Vice President and Chief Commercial Officer. Mr. Gray previously served as Director of Merchandising for North Americaas well as Foot Locker US Managing Director Andy has demonstrated exceptional leadership in driving consumer-focused strategies across multiple markets, and he will be responsible for global oversight of all aspects of the customer experience, including including product, brand, digital, customer connectivity, global market planning and store development.

The Company has appointed Frank Bracken as the new Executive Vice President and Chief Executive Officer for North America. Mr. Bracken was previously Senior Vice President, General Manager, Foot Locker and Kids Foot Locker US, and Vice President, General Manager, Foot Locker Canada. Frank has demonstrated exceptional leadership with a strong track record of growing business, developing new organizational capabilities and developing strategic relationships.

The Company has appointed Scott Martin as the new Executive Vice President and Chief Executive Officer of Asia Pacific, in addition to his responsibilities as Chief Strategy & Development Officer. Over the past three years as Senior Vice President, Chief Strategy and Development Officer, Mr. Martin has been instrumental in directing the company’s strategic investments and partnerships, establishing its planning capabilities global market and store development, and improving its global sourcing functions.

In addition, the following members of the Foot Locker leadership team will be retiring:

Lew KimbleExecutive Vice President and Chief Executive Officer, Asia Pacific will retire at the end of August, after a career spanning more than 40 years with the company, having started as a store associate in 1976 and serving as President and CEO of Foot Locker Europe and Director General of Foot Locker Asia Pacific.

Jake Jacobs, Executive Vice President and Chief Executive Officer, North America, will retire at the end of August. Mr. Jacobs is leaving after more than 20 years at Foot Locker in roles including President and CEO of Foot Locker North America and President and CEO of Champs Sports.

“We are thrilled to recognize the efforts of Andy, Frank and Scott with these promotions, and we look forward to learning from their experiences and perspectives as they take on these new leadership roles,” Johnson continued. . “We thank Lew and Jake for their significant contributions to Foot Locker throughout their tenure with the company. They have each been instrumental in the success of the company by helping to shape and implement our strategic business plan and the direction of their respective teams.”

Foot Locker, Inc. leads the celebration of sneaker and youth culture around the world through a portfolio of brands including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, Runners Point and Sidestep. With approximately 3,100 retail stores in 27 countries across North America, Europe, Asia, Australiaand New Zealand, as well as websites and mobile apps, the company’s goal is to inspire and empower young people around the world, fueling a shared passion for self-expression and creating unparalleled experiences at the heart of the global sneaker community. Foot Locker, Inc. is headquartered in New York. For more information, please visit www.footlocker-inc.com.

Investor contacts:
James R. Lance
Vice President, Corporate Finance and Investor Relations
(212) 720-4600

Media Contact:
Mary Signorino
Senior Director, PR and Communications
(212) 720-4316

SOURCE Foot Locker, Inc.

Related links

http://www.footlocker-inc.com