Foot Locker has appointed Mary Dillon as its CEO replacing Richard Johnson, the company announced on Friday.
Dillon will take over the top position effective Sept. 1. Before retiring, Johnson will continue as executive chairman of the board through Jan. 31.
Shares of the footwear retailer rose about 19% before Friday’s trading.
Former CEO of Ulta Beauty, Mary Dillon expanded the company’s e-commerce business. The athletic-goods chain is reportedly working on a new strategy away from shopping malls.
“I am thrilled to be joining Foot Locker, an iconic company that possesses a strong set of values and focuses on the customer experience as well as tremendous growth opportunities,” Dillon said in a statement.
Foot Locker said on Friday its board has decided to split the chair and CEO roles. Dona Young, the company’s lead independent director, will become non-executive chair, starting February.
“It has been a privilege and an honor to lead Foot Locker and work alongside the best team in retail for nearly 30 years,” Johnson said.
The New York based retailer has 2,800 stores across 28 countries and reported $9 billion in sales last year.
