Business
Academy Sports + Outdoors Announces Planned Leadership Succession
Ken C. Hicks to transition to Executive Chairman on June 1, 2023 Steven P. Lawrence to become Chief Executive Officer and Director Michael P. Mullican to
About this update from Academy Sports And Outdoors, Inc.
[{"type":"text","content":"Ken C. Hicks to transition to Executive Chairman on June 1, 2023\nSteven P. Lawrence to become Chief Executive Officer and Director\nMichael P. Mullican to assume role as President\nKATY, Texas, April 27, 2023 /PRNewswire/ -- Academy Sports and Outdoors, Inc. (\"Academy\") (Nasdaq: ASO) today announced that, as a result of a planned succession process, the following changes to Academy's executive leadership team will be effective as of 12:01 a.m. Central Time on June 1, 2023. \n\n \n \n \n \n \n \n\n \nKen C. Hicks, Chairman, President and Chief Executive Officer (CEO), will transition from President and CEO to Executive Chairman of the Board of Directors. Steven (Steve) P. Lawrence, Executive Vice President (EVP) and Chief Merchandising Officer (CMO), will become CEO and a member of the Board of Directors. Mr. Lawrence will continue to serve as CMO until a successor is selected and duly appointed.Michael P. Mullican, EVP and Chief Financial Officer (CFO), will become President and assume additional responsibilities for the strategic planning, logistics & supply chain, legal, compliance, and risk management functions, in addition to his existing financial planning & analysis, accounting, treasury, tax, internal audit, investor relations, loss prevention, and customer insights & strategy responsibilities. Mr. Mullican will continue to serve as CFO until a successor is selected and duly appointed. Samuel (Sam) J. Johnson, EVP, Retail Operations, will assume additional responsibilities for the real estate, construction and store design functions.As Executive Chairman, Mr. Hicks will remain involved at Academy, continuing to lead the Board of Directors and serving as a partner to Mr. Lawrence to support the execution of Academy's recently announced long-range strategic plan. Mr. Hicks will also work closely with Mr. Lawrence to ensure a smooth leadership transition. \nMr. Hicks has served as Academy's Chairman, President and CEO since May 2018 and on its Board since May 2017. Prior to joining Academy, he held senior positions at Foot Locker, J.C. Penney, Payless ShoeSource, Home Shopping Network, May Department Stores Company, and McKinsey & Company. He is a graduate of the United States Military Academy and holds an M.B.A. from Harvard Business School with highest distinction.\nUnder Mr. Hicks's leadership, Academy has opened 28 ne...