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Dick's announces new leadership changes
01 Dec '20
3 min read
Pic: George Sheldon / Shutterstock.com
Dick’s Sporting Goods, the leading US-based, omni-channel sporting goods retailer, has announced leadership changes. The company has announced that Edward W. Stack will transition to executive chairman and continue as chief merchant on February 1, 2021. Lauren R. Hobart, the current president of the company, is now the president and chief executive officer.
Stack has served as chairman and CEO of Dick’s since he and his siblings bought his father’s two small sporting goods stores in upstate New York in 1984. Under Stack’s leadership and predominantly through organic growth, Dick’s has become the industry leader, with more than 850 stores and nearly $9 billion in annual revenue. Stack has driven Dick’s omni-channel strategy and investments in logistics and technology, which in 2020 have helped the company’s e-commerce business approach $2 billion in revenue.
Hobart brings more than 25 years of finance, consumer and retail experience and spent 14 years at PepsiCo in various leadership roles before she joined Dick’s as chief marketing officer in 2011. She was appointed president in 2017 and joined the board of directors the following year. Since joining Dick’s, Hobart has revamped the company’s marketing efforts and helped drive its robust e-commerce strategy, among other substantive growth initiatives. She has enhanced the company’s exceptional customer service offering and improved the omni-channel customer experience, according to Dick's.
In addition to leading the company through the health and economic crises this year, Stack and Hobart have together championed the company’s support of youth sports through its ground-breaking Sports Matter initiative.
“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 Hobart as a trusted advisor. She has proven herself to be a capable, innovative and respected leader who has helped drive our business and our culture,” Stack said.
“Stack’s continued involvement in key areas of the business; and a smooth transition of leadership to a capable and prepared new CEO. Hobart is a valued and forward-thinking leader who has played a vital role in Dick’s success. She embodies all that Dick’s stands for, and the board is confident that Stack and Hobart will continue on this successful journey and drive long-term shareholder value,” Lawrence Schorr, lead independent director of Dick’s.
Stack has served as chairman and CEO of Dick’s since he and his siblings bought his father’s two small sporting goods stores in upstate New York in 1984. Under Stack’s leadership and predominantly through organic growth, Dick’s has become the industry leader, with more than 850 stores and nearly $9 billion in annual revenue. Stack has driven Dick’s omni-channel strategy and investments in logistics and technology, which in 2020 have helped the company’s e-commerce business approach $2 billion in revenue.
Hobart brings more than 25 years of finance, consumer and retail experience and spent 14 years at PepsiCo in various leadership roles before she joined Dick’s as chief marketing officer in 2011. She was appointed president in 2017 and joined the board of directors the following year. Since joining Dick’s, Hobart has revamped the company’s marketing efforts and helped drive its robust e-commerce strategy, among other substantive growth initiatives. She has enhanced the company’s exceptional customer service offering and improved the omni-channel customer experience, according to Dick's.
In addition to leading the company through the health and economic crises this year, Stack and Hobart have together championed the company’s support of youth sports through its ground-breaking Sports Matter initiative.
“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 Hobart as a trusted advisor. She has proven herself to be a capable, innovative and respected leader who has helped drive our business and our culture,” Stack said.
“Stack’s continued involvement in key areas of the business; and a smooth transition of leadership to a capable and prepared new CEO. Hobart is a valued and forward-thinking leader who has played a vital role in Dick’s success. She embodies all that Dick’s stands for, and the board is confident that Stack and Hobart will continue on this successful journey and drive long-term shareholder value,” Lawrence Schorr, lead independent director of Dick’s.
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