- Andrea Byrne
Dick’s Sporting Goods has appointed Lauren Hobart as the company’s new
CEO, effective February 1, 2021.
Hobart brings more than 25 years of consumer, finance and retail
experience and is currently the president of Dick’s Sporting Goods. Prior
to this role, she spent 14 years at PepsiCo in various leadership positions
before she was named chief marketing officer at Dick’s Sporting Goods in
She will be replacing Edward Stack, who is the company’s chairman and
CEO and who will now assume the role of executive chairman and continue his
role as chief merchant, effective February 1, 2021.
The appointment of Hobart as the new CEO at Dick’s Sporting Goods is the
result of a transition plan that has been developed over a long period of
time, according to the company.
Hobart will join the current 31 women holding CEO positions out of the
500 S&P companies according to Catalyst, a non-profit organisation that
helps build workplaces that work for women.
Stack said in a statement: “This is the perfect time for this
transition. We have the best management team in the company’s history, and
the investments we have made in our people, our stores, and our communities
are paying off. I look forward to continuing to lead merchandising, product
development and several strategic growth initiatives while supporting
Lauren as a trusted advisor. She has proven herself to be a capable,
innovative and respected leader who has helped drive our business and our
Hobart added: “Leading the company that Ed built is truly a privilege
and an honour. For nearly ten years, I have witnessed first-hand his
commitment to Dick’s values, to our teammates, customers and the
communities we serve. I am fortunate to have Ed as a mentor and look
forward to leading the company into this next phase of growth with Ed and
our senior management team.
“I also want to thank the board and our 45,000 passionate and dedicated
teammates who are so pivotal to our success. I am excited to work closely
with them and with other members of the Dick’s family to continue to
advance the business and make a meaningful impact on our communities as we
look to the future.”
The company currently owns some 850 stores and reaches nearly nine
billion dollars in annual revenue.
Photo credit: Dick’s Sporting Goods, Facebook