NEW
YORK, Jan. 14, 2025 /PRNewswire/ -- Foot Locker,
Inc. (NYSE: FL) today announced that its Board of Directors has
elected Sonia Syngal and John
Venhuizen as directors of the Board, effective January 12, 2025. The Company also announced
today that Guillermo G. Marmol will
not stand for reelection at the Company's 2025 Annual Meeting of
Shareholders in accordance with the Company's Director Retirement
Age Policy within the Company's Corporate Governance
Guidelines.
Ms. Syngal is an accomplished retail executive with two decades
of industry experience spanning ecommerce sales, global supply
chain, operations, brand strategy and marketing. She most recently
served as President and Chief Executive Officer of Gap, Inc.,
including overseeing Old Navy, Gap, Banana Republic, and Athleta,
after having served in other leadership roles within the
organization, including Division President & CEO, Old Navy and
Executive Vice President, Global Supply Chain. She also serves as a
member of the Board of Directors of Tanger, Inc.
Mr. Venhuizen has served for 12 years as President and Chief
Executive Officer of Ace Hardware Corporation, the largest hardware
cooperative and hardline distributor in the world, after having
previously served as its President and Chief Operating Officer.
During his 30-year tenure at Ace, he has held positions of
increasing responsibility including leadership roles overseeing
marketing, store operations, strategy, business development, supply
chain, IT and international.
"In line with our continued focus on regular refreshment to
ensure we have the right mix of skills and experience on our Board,
we are delighted to welcome Sonia and John as new independent
directors," said Dona D. Young,
Non-Executive Chairman. "Both Sonia and John bring substantial
leadership and retail industry expertise, and we are confident both
will be valuable additions to our Board. We are pleased to benefit
from their respective insights as we continue to oversee execution
of the Company's initiatives and focus on delivering shareholder
value. On behalf of the entire Board, I would also like express our
sincere gratitude to Gil for his significant contributions to Foot
Locker, Inc. during his time as a director."
Mary Dillon, President and Chief
Executive Officer of Foot Locker, Inc. added, "We are thrilled to
welcome Sonia and John to our Board. We look forward to benefitting
from their complementary experience and fresh perspectives as we
continue to execute our Lace Up Plan, pursue operational
excellence, revamp our digital experience, and strengthen customer
engagement initiatives."
Mrs. Syngal commented, "I am pleased to join Foot Locker, Inc.'s
Board and leverage my experience with multi-banner, international
retail operations. I am eager to work with the rest of the Board
and the Company's leadership as the team executes on the vision to
unlock the 'inner sneakerhead' in its customers and deliver for
shareholders."
"I am passionate about retail and offering unique experiences to
customers, and I am excited to bring my expertise to Foot Locker's
Board," Mr. Venhuizen said. "I look forward to collaborating with
my fellow directors and the leadership team to capture the
Company's many opportunities for growth and value creation."
Foot Locker Media Relations
Dana Yacyk, Senior Director, PR
& Communications
mediarelations@footlocker.com
Foot Locker Investor Relations
Kate Fitzsimons, Senior Director,
Investor Relations
ir@footlocker.com
ABOUT FOOT LOCKER, INC.
Foot Locker, Inc. is a leading footwear and apparel retailer
that unlocks the "inner sneakerhead" in all of us. With
approximately 2,500 retail stores in 26 countries across
North America, Europe, Asia,
Australia, and New Zealand, and a licensed store presence in
Europe, the Middle East and Asia, Foot Locker has a strong history of
sneaker authority that sparks discovery and ignites the power of
sneaker culture through its portfolio of brands, including Foot
Locker, Kids Foot Locker, Champs Sports, WSS, and atmos.
Disclosure Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Other than statements
of historical facts, all statements which address activities,
events, or developments that Foot Locker, Inc. (the "Company")
anticipates will or may occur in the future, including, but not
limited to, such things as future strategic plans, financial
objectives, financial outlook and other such matters, are
forward-looking statements. These forward-looking statements are
based on many assumptions and factors, which are detailed in the
Company's filings with the U.S. Securities and Exchange
Commission.
These forward-looking statements are based largely on our
expectations and judgments and are subject to a number of risks and
uncertainties, many of which are unforeseeable and beyond our
control. For additional discussion regarding risks and
uncertainties that may affect forward-looking statements, see "Risk
Factors" disclosed in the Company's Annual Report on Form 10-K for
the year ended February 3, 2024,
filed on March 28, 2024, and
subsequent filings. Any changes in such assumptions or factors
could produce significantly different results. The Company
undertakes no obligation to update the forward-looking statements,
whether due to new information, future events, or otherwise.
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SOURCE Foot Locker, Inc.
