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FOOT LOCKER, INC. ELECTS SONIA SYNGAL AND JOHN VENHUIZEN TO BOARD OF DIRECTORS

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Foot Locker (NYSE: FL) has appointed two new directors to its Board, effective January 12, 2025. Sonia Syngal, former President and CEO of Gap, and John Venhuizen, President and CEO of Ace Hardware , join the board as the company announces Guillermo G. Marmol will not seek reelection at the 2025 Annual Meeting.

Syngal brings two decades of retail experience in ecommerce, global supply chain, operations, and brand strategy. Venhuizen contributes 30 years of experience at Ace Hardware, where he has led marketing, store operations, strategy, and international operations.

The appointments align with Foot Locker's focus on board refreshment and execution of their Lace Up Plan, which includes operational excellence, digital experience enhancement, and strengthening customer engagement initiatives.

Foot Locker (NYSE: FL) ha nominato due nuovi direttori per il suo Consiglio, con effetto dal 12 gennaio 2025. Sonia Syngal, ex Presidente e CEO di Gap, e John Venhuizen, Presidente e CEO di Ace Hardware, entrano a far parte del consiglio mentre l'azienda annuncia che Guillermo G. Marmol non si ricandiderà per il Consiglio nell'Assemblea Annuale del 2025.

Syngal porta con sé vent'anni di esperienza nel commercio al dettaglio, e-commerce, catena di approvvigionamento globale, operazioni e strategia di marca. Venhuizen contribuisce con 30 anni di esperienza in Ace Hardware, dove ha guidato il marketing, le operazioni dei negozi, la strategia e le operazioni internazionali.

Le nomine si allineano con l'attenzione di Foot Locker sul rinnovamento del consiglio e sull'esecuzione del Piano Lace Up, che include l'eccellenza operativa, il miglioramento dell'esperienza digitale e il rafforzamento delle iniziative di coinvolgimento dei clienti.

Foot Locker (NYSE: FL) ha nombrado a dos nuevos directores para su Junta, con efecto a partir del 12 de enero de 2025. Sonia Syngal, ex presidenta y CEO de Gap, y John Venhuizen, presidente y CEO de Ace Hardware, se unen a la junta mientras la empresa anuncia que Guillermo G. Marmol no buscará la reelección en la Junta Anual de 2025.

Syngal aporta dos décadas de experiencia en ventas minoristas, comercio electrónico, cadena de suministro global, operaciones y estrategia de marca. Venhuizen contribuye con 30 años de experiencia en Ace Hardware, donde ha liderado marketing, operaciones en tienda, estrategia y operaciones internacionales.

Los nombramientos se alinean con el enfoque de Foot Locker en el refresco de la junta y la ejecución de su Plan Lace Up, que incluye la excelencia operativa, la mejora de la experiencia digital y el fortalecimiento de las iniciativas de participación del cliente.

풋 락커 (NYSE: FL)는 2025년 1월 12일부터 이사회에 두 명의 새로운 이사를 임명했습니다. 소냐 신갈, 전 갭 회장 겸 CEO와 존 베니휴젠, 에이스 하드웨어 회장 겸 CEO가 이사회에 합류하며, 기예르모 G. 마르몰이 2025년 연례 회의에서 재선에 나서지 않을 것이라고 발표했습니다.

신갈은 전자상거래, 글로벌 공급망, 운영 및 브랜드 전략에서 20년의 소매 경험을 가지고 있습니다. 베니휴젠은 에이스 하드웨어에서 30년간 마케팅, 매장 운영, 전략 및 국제 운영을 이끌어 왔습니다.

이번 임명은 풋 락커의 이사회 갱신 및 레이스 업 계획 실행에 대한 초점과 일치하며, 이는 운영 우수성, 디지털 경험 향상 및 고객 참여 이니셔티브 강화 등을 포함합니다.

Foot Locker (NYSE: FL) a nommé deux nouveaux administrateurs à son Conseil d'administration, à compter du 12 janvier 2025. Sonia Syngal, ancienne présidente et PDG de Gap, et John Venhuizen, président et PDG d'Ace Hardware, rejoignent le conseil alors que l'entreprise annonce que Guillermo G. Marmol ne cherchera pas à se représenter lors de l'Assemblée annuelle de 2025.

Syngal apporte deux décennies d'expérience dans le commerce de détail, le commerce électronique, la chaîne d'approvisionnement mondiale, les opérations et la stratégie de marque. Venhuizen apporte 30 ans d'expérience chez Ace Hardware, où il a dirigé le marketing, les opérations en magasin, la stratégie et les opérations internationales.

Ces nominations sont en ligne avec l'accent mis par Foot Locker sur le renouvellement du conseil et l'exécution de leur plan Lace Up, qui comprend l'excellence opérationnelle, l'amélioration de l'expérience numérique et le renforcement des initiatives d'engagement des clients.

Foot Locker (NYSE: FL) hat zwei neue Direktoren in seinen Vorstand berufen, die am 12. Januar 2025 in Kraft treten. Sonia Syngal, ehemalige Präsidentin und CEO von Gap, und John Venhuizen, Präsident und CEO von Ace Hardware, treten dem Vorstand bei, während das Unternehmen bekannt gibt, dass Guillermo G. Marmol sich nicht zur Wiederwahl bei der Hauptversammlung 2025 stellen wird.

Syngal bringt zwei Jahrzehnte Erfahrungen im Einzelhandel, E-Commerce, globalen Lieferketten, Betrieb und Markenstrategie mit. Venhuizen bringt 30 Jahre Erfahrung bei Ace Hardware mit, wo er Marketing, Filialbetrieb, Strategie und internationale Operationen geleitet hat.

Die Ernennungen stehen im Einklang mit Foot Lockers Fokus auf die Erneuerung des Vorstands und die Umsetzung ihres Lace Up Plans, der operative Exzellenz, Verbesserung der digitalen Erfahrung und Stärkung der Kundenbindungsinitiativen umfasst.

Positive
  • Strategic board enhancement with two experienced retail executives
  • Addition of digital commerce expertise through Syngal's appointment
  • Strengthened operational oversight with Venhuizen's 30-year retail leadership experience
Negative
  • Loss of board continuity with departure of long-serving director Marmol

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.

FAQ

Who are the new board members appointed to Foot Locker (FL) in January 2025?

Sonia Syngal, former CEO of Gap, and John Venhuizen, CEO of Ace Hardware , were appointed to Foot Locker's Board of Directors effective January 12, 2025.

What experience does Sonia Syngal bring to Foot Locker's (FL) board?

Sonia Syngal brings two decades of retail industry experience, including expertise in ecommerce sales, global supply chain, operations, brand strategy, and marketing, having served as President and CEO of Gap Inc.

What is John Venhuizen's background before joining Foot Locker's (FL) board?

John Venhuizen has served as President and CEO of Ace Hardware for 12 years, with a 30-year tenure including leadership roles in marketing, store operations, strategy, and international operations.

How do these appointments align with Foot Locker's (FL) strategic plans?

The appointments align with Foot Locker's Lace Up Plan, focusing on operational excellence, digital experience enhancement, and strengthening customer engagement initiatives.

Which Foot Locker (FL) board member is stepping down in 2025?

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.

Foot Locker, Inc.

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