Foot Locker names former Ulta Beauty chief as CEO

By AP News

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Foot Locker named former Ulta Beauty CEO Mary Dillon as its chief executive Friday, replacing Richard Johnson, who will retire next month after leading the athletic retailer since 2014.

Foot Locker named former Ulta Beauty CEO Mary Dillon as its chief executive Friday, replacing Richard Johnson, who will retire next month after leading the athletic retailer since 2014.

Foot Locker shares jumped more than 20% in premarket trading on the announcement.

Dillon will take over the top position at Foot Locker effective September 1, though Johnson will continue as the board's executive chairman through 2023.

Dillon led the cosmetics retailer Ulta Beauty as it tripled its market capitalization from 2013 to 2021 and doubled its number of stores and loyalty memberships. She also served as president and CEO of U.S. Cellular and held executive and leadership positions at McDonald’s and PepsiCo.

Foot Locker, based in New York, has 2,800 stores across 28 countries and reported $9 billion in sales last year.

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Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

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