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Wednesday, January 15, 2025

Foot Locker adds to board

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January 15, 2025

Foot Locker, Inc. announced on Tuesday the appointment of Sonia Syngal and John Venhuizen as directors of its board, effective January 12.

Foot Locker- Facebook

The U.S. footwear retailer also announced that Guillermo Marmol will not stand for reelection at the company’s 2025 Annual Meeting of Shareholders, in accordance with the firm’s director retirement age policy within the company’s corporate governance guidelines.

Syngal is retail executive with two decades of industry experience spanning e-commerce sales, global supply chain, operations, brand strategy and marketing.

She most recently served as president and chief executive officer of Gap, Inc., including overseeing Old Navy, Gap, Banana Republic, and Athleta. She also served in other leadership roles within the organization, including division president & CEO, Old Navy and executive vice president, global supply chain. She currently serves as a member of the board of directors of Tanger, Inc.

Likewise, Venhuizen has served for 12 years as president and chief executive officer of Ace Hardware Corporation, after having previously served as its president and chief operating officer. During his 30-year tenure at Ace, he has held positions of increasing responsibility including leadership roles overseeing marketing, store operations, strategy, business development, supply chain, IT and international. 

“In line with our continued focus on regular refreshment to ensure we have the right mix of skills and experience on our board, we are delighted to welcome Sonia and John as new independent directors,” said Dona Young, non-executive chairman, Foot Locker.

Both Sonia and John bring substantial leadership and retail industry expertise, and we are confident both will be valuable additions to our board. We are pleased to benefit from their respective insights as we continue to oversee execution of the company’s initiatives and focus on delivering shareholder value. On behalf of the entire board, I would also like express our sincere gratitude to Gil for his significant contributions to Foot Locker, Inc. during his time as a director.”

In its most recent trading update in December, Foot Locker cut its full-year sales and profit forecasts, citing more discounts and a pullback in consumer spending ahead of the crucial holiday season.
 

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