Foot Locker names new leadership

Foot Locker (NYSE:FL) announced two promotions intended to support the retailer's continued growth on a global scale. The retailer has named Stephen (Jake) Jacobs as exec-VP and CEO of North America, and Lewis Kimble as exec-VP and CEO International.

Both appointments are effective Feb. 29.

Jacobs has been with the company for 18 years, most recently as president and CEO of Foot Locker North America. The leaders of each store division in North America will report to him.

Kimble has been with Foot Locker for almost 40 years, having started his career as a store associate in 1976. He has served as president and CEO of Foot Locker Europe since 2010.  

"Jake Jacobs and Lew Kimble have done exceptional work leading their respective teams in the execution of the key initiatives of our strategic plan, and in the process of doing so they have contributed tremendously to the outstanding financial performance we have achieved as a company over the last several years," said Richard Johnson, president and CEO. "I am very pleased to announce the board's decision to recognize Jake's and Lew's leadership with these much-deserved promotions."

Foot Locker recently opened a new flagship store in Times Square and refocused its women's business to improve profitability.

Said Kimble, "Our new organizational structure will be a catalyst for us to deliver on our 2020 strategic initiative to aggressively pursue European expansion opportunities in both our stores and digital platforms."

For more:
-See this Foot Locker press release

Related stories:
Foot Locker to open flagship in Times Square
Foot Locker to shutter women's stores, launch yoga apparel brand
Foot Locker's income jumps 21% in Q4
Foot Locker CEO Ken Hicks to retire
The secret to Foot Locker's success, according to CEO Ken Hicks

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