DICK'S Sporting Goods Names Larry Fitzgerald, Jr. to its Board of Directors

Rhea-AI Summary

DICK'S Sporting Goods (NYSE: DKS) has appointed NFL star Larry Fitzgerald, Jr. to its Board of Directors. Fitzgerald has been affiliated with the company for nearly a decade and brings valuable insights from his sports experience and community involvement. He has a deep understanding of market dynamics and a commitment to youth sports, demonstrated through his work with the DICK'S Sporting Goods Foundation. CEO Ed Stack emphasized Fitzgerald's integrity and alignment with the company's values. This addition is expected to enhance DICK'S leadership in the retail and sports industries.

Positive

• Larry Fitzgerald's long-standing relationship with DICK'S adds valuable insight.
• His experience in the sports industry may enhance strategic decision-making.
• Fitzgerald's commitment to community service aligns with DICK'S values.

Negative

• None.

PITTSBURGH, July 16, 2020 /PRNewswire/ -- DICK'S Sporting Goods, Inc. (NYSE: DKS), the largest U.S.-based omni-channel sporting goods retailer, today announced that Larry Fitzgerald, Jr., the 11-time Pro Bowl wide receiver for the NFL's Arizona Cardinals, has been named to the company's Board of Directors.

"Larry has been part of the DICK'S Sporting Goods family for nearly 10 years, and we've gotten to know him very well," said Ed Stack, Chairman and CEO. "Larry has a deep understanding of the business of sports and its market dynamics. Larry is a man of integrity, and he shares our values and our commitment to caring for communities. Based on his background, Larry will be a great addition to our Board."

Fitzgerald is an active member in the business community. He joined the Sports Matter Advisory Board of The DICK'S Sporting Goods Foundation in 2018 to help inspire and enable youth sports participation, and he recently purchased a minority ownership stake in the NBA's Phoenix Suns.

"I've long admired DICK'S Sporting Goods, and over the years have had the opportunity to see up close what they stand for and who they are as a company," said Fitzgerald. "We share a passion for sports, supporting young people and serving our communities. I could not be more excited to join the Board and share my experience and knowledge to help DICK'S grow and continue to be a leader in the retail and sports industries."

Outside the field of play, through the "Larry Fitzgerald First Down Fund," founded in 2005, Fitzgerald has used his personal platform to support children and families in-need, with a focus on promoting literacy and technology skills, as well as spearheading efforts to prevent and cure breast cancer.

In honor of his mother who passed away from breast cancer in 2003, Fitzgerald founded the Carol Fitzgerald Memorial Fund. The organization is dedicated to supporting causes that his mother was passionate about, including support for Black women with breast cancer, the prevention of HIV/AIDS among Black communities and education initiatives for urban youth.

In 2017, Fitzgerald was a co-winner of the Walter Payton NFL Man of the Year Award, which recognizes a player for excellence on and off the field. He has made five USO tours to visit soldiers overseas and has helped dig wells and build irrigation systems in Ethiopia with Oxfam, a global nonprofit working to end poverty. Fitzgerald has donated substantially to various schools, groups and parks around the Minneapolis and St. Paul area, where he was born and raised.

Fitzgerald played college football at the University of Pittsburgh, where he earned unanimous All-America honors, and received a B.A. in Communications from the University of Phoenix.

About DICK'S Sporting Goods, Inc. 
Founded in 1948, DICK'S Sporting Goods, Inc. is a leading omni-channel sporting goods retailer offering an extensive assortment of authentic, high-quality sports equipment, apparel, footwear and accessories. As of May 2, 2020, the Company operated 726 DICK'S Sporting Goods locations across the United States, serving and inspiring athletes and outdoor enthusiasts to achieve their personal best through a blend of dedicated teammates, in-store services and unique specialty shop-in-shops dedicated to Team Sports, Athletic Apparel, Golf, Lodge/Outdoor, Fitness and Footwear.

Headquartered in Pittsburgh, PA, DICK'S also owns and operates Golf Galaxy and Field & Stream specialty stores, as well as GameChanger, a youth sports mobile app for scheduling, communications and live scorekeeping.  DICK'S offers its products through a content-rich eCommerce platform that is integrated with its store network and provides customers with the convenience and expertise of a 24-hour storefront.  For more information, visit the Investor Relations page at dicks.com.

CONTACTS: DICK'S Sporting Goods, 724-273-5552, press@dcsg.com

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SOURCE DICK'S Sporting Goods

FAQ

Who has been appointed to the DICK'S Sporting Goods Board of Directors?

Larry Fitzgerald, Jr. has been appointed to the Board of Directors.

What is Larry Fitzgerald's role with DICK'S Sporting Goods?

Larry Fitzgerald will serve as a board member, contributing his insights into sports and community engagement.

How does Larry Fitzgerald's experience benefit DICK'S Sporting Goods?

Fitzgerald's deep understanding of sports market dynamics and community involvement is expected to enhance DICK'S strategic direction.

When was Larry Fitzgerald appointed to the DICK'S Sporting Goods Board?

Larry Fitzgerald was appointed to the Board on July 16, 2020.

What notable charity work is Larry Fitzgerald known for?

Fitzgerald is known for founding the Larry Fitzgerald First Down Fund, supporting literacy and technology skills for children.