Foot Locker starts search for new finance head

A 25-year company veteran is retiring from Foot Locker.

The specialty athletic retailer announced the planned retirement of Lauren B. Peters, executive VP and CFO, with an expected effective date in April 2021. Foot Locker and executive search firm Crist|Kolder has begun a search process to identify Peters' successor. The retailer said it expects to consider both internal and external candidates for the position.

"Lauren has had a remarkable 23 years at Foot Locker, including leading our finance organization for the last nine years as CFO,” said Richard Johnson, chairman and CEO, Foot Locker. “With her expertise and leadership, we have built a world-class finance organization and successfully executed a series of strategic initiatives that position Foot Locker to continue driving growth and value creation. Lauren has been an integral member of our management team and a tremendous partner to me. We are pleased to be able to benefit from her ongoing leadership as we conduct our CFO search and execute a seamless transition next year."

Foot Locker operates approximately 3,000 stores around the globe through a portfolio of brands including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, and Sidestep.