STOCK TITAN

Foot Locker, Inc. Appoints Andrew E. Page as Executive Vice President and Chief Financial Officer

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary

Foot Locker, Inc. (NYSE: FL) announced the appointment of Andrew E. Page as Executive Vice President and Chief Financial Officer, effective April 12, 2021. With nearly 30 years of finance and accounting experience, Page previously held key roles at Advance Auto Parts and Under Armour. He will oversee key financial functions and work with the executive team to advance the company's growth strategies. His appointment follows the retirement of Lauren B. Peters.

Positive
  • Andrew E. Page brings nearly 30 years of relevant experience in finance and accounting.
  • His track record includes driving enterprise growth and optimizing financial functions.
  • Fresh leadership perspective expected to enhance strategic focus on profitable growth.
Negative
  • Transitioning to a new CFO may introduce initial uncertainties in financial oversight.

NEW YORK, March 25, 2021 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today announced the appointment of Andrew E. Page as Executive Vice President and Chief Financial Officer, effective April 12, 2021. Page joins Foot Locker from Advance Auto Parts, Inc. where he served as Senior Vice President, Chief Accounting Officer and Controller, and he brings nearly 30 years of finance and accounting experience in retail, athletic footwear and apparel, and other industries. His appointment follows the Company's previous announcement that Lauren B. Peters is retiring from Foot Locker.

Page will report directly to Richard Johnson, Chairman and Chief Executive Officer, and will oversee Foot Locker's accounting, financial planning and analysis, investor relations, treasury, tax, internal audit, and risk management functions. He will work closely with the executive team to advance Foot Locker's long-term strategies to position the Company for continued growth, profitability, and value creation.

"We are pleased to welcome Andrew as Foot Locker, Inc.'s next Chief Financial Officer," said Johnson. "Andrew has a track record of successfully leading finance functions, while optimizing enterprise growth, overseeing digital finance transformation, and driving strong financial and operational results. As we look towards the future and to deliver on our purpose to inspire and empower youth culture, Andrew's fresh perspective and capabilities will contribute to our focus on delivering profitable growth for our shareholders. He's a great addition to our dynamic and diverse leadership team – with keen insight and a vision on the market and our industry at large that complements our already high-performing operation."

Page said, "I am thrilled to join this incredible team with a proud history at such a pivotal time. I look forward to working closely with Dick and the rest of Foot Locker's leadership team to help shape the Company's future in our next stage of growth. Together, we are committed to leading a bold agenda that creates meaningful customer experiences and delivers value for shareholders and all stakeholders."

Page brings nearly 30 years of experience, including leading finance matters at the executive level within Fortune 500 organizations. Most recently, he served as Senior Vice President, Chief Accounting Officer and Controller at Advance Auto Parts, Inc., where he oversaw all accounting, tax, internal controls and external financial reporting, and had responsibilities for the implementation of the global cloud solution of the organization's new ERP system. Previously, Page served as Senior Vice President and Chief Accounting Officer at Under Armour, Inc., where he managed all accounting functions globally. Earlier in his career, Page held finance roles at FTI Consulting, Inc., AES Corporation, Inc., General Electric's Consumer and Industrial division, and Discovery Communications, Inc. after beginning his career in public accounting working at both Ernst & Young and PricewaterhouseCoopers. Page holds a Master of Business Administration from Georgetown University and a Bachelor of Business Administration in Accounting from Eastern Kentucky University. Page is a Certified Public Accountant.

About Foot Locker
Foot Locker, Inc. leads the celebration of sneaker and youth culture around the globe through a portfolio of brands including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, and Sidestep. With approximately 3,000 retail stores in 27 countries across North America, Europe, Asia, Australia, and New Zealand, as well as websites and mobile apps, the Company's purpose is to inspire and empower youth culture around the world, by fueling a shared passion for self-expression and creating unrivaled experiences at the heart of the global sneaker community. Foot Locker, Inc. has its corporate headquarters in New York.

Investor Contact:                                                                            
James R. Lance                                                                              
Vice President, Corporate Finance and Investor Relations           
jlance@footlocker.com                                                                  
(212) 720-4600                                                                                 

Media Contact:       
Cara Tocci
Vice President, Corporate Communications          
cara.tocci@footlocker.com
(914) 582-0304  

Cision View original content:http://www.prnewswire.com/news-releases/foot-locker-inc-appoints-andrew-e-page-as-executive-vice-president-and-chief-financial-officer-301255316.html

SOURCE Foot Locker, Inc.

FAQ

Who is the new CFO of Foot Locker?

Andrew E. Page has been appointed as the new Chief Financial Officer of Foot Locker.

When will Andrew E. Page start his role as CFO?

Andrew E. Page will officially start as CFO on April 12, 2021.

What experience does Andrew E. Page bring to Foot Locker?

He has nearly 30 years of experience in finance, including positions at Advance Auto Parts and Under Armour.

What does Andrew E. Page aim to achieve as CFO?

He aims to advance Foot Locker's long-term growth strategies and deliver value for shareholders.

Why is Lauren B. Peters retiring from Foot Locker?

The press release does not provide specific reasons for Lauren B. Peters' retirement.

Foot Locker, Inc.

NYSE:FL

FL Rankings

FL Latest News

FL Stock Data

2.12B
93.63M
1.19%
103.62%
9.3%
Apparel Retail
Retail-shoe Stores
Link
United States of America
NEW YORK