Dick’s CEO stepping down after 36 years at helm

Ed Stack, who has served as CEO for Dick’s sporting items for 36 years, is resigning the position and taking on the job of government chairman and should proceed as chief merchant.

present company president Laurent Hobart will become CEO as of Feb. 1, 2021, in keeping with a CNN document. She might be the business’s first female CEO.

“She has proven herself to be a in a position, ingenious and respected leader who has helped force our enterprise and our tradition,” Stack said in a statement.

below Stack’s management, the retailer grew to 850-plus shops and $9 billion in salary. His father established the business in 1948.