Sports Authority CEO Doug Morton Retires From Day-to-Day Operations; Remains Chairman

The Sports Authority today announced that Doug Morton, age 59, will be retiring as CEO. Morton, who has been with Sports Authority for 22 years, and served as CEO for more than a decade, will remain with the Company as Chairman of the Board.
Author:
Updated:
Original:

ENGLEWOOD, Colo. -- The Sports Authority today announced that Doug Morton, age 59, will be retiring as CEO. Morton, who has been with Sports Authority for 22 years, and served as CEO for more than a decade, will remain with the Company as Chairman of the Board.

The Board of Directors has retained Herbert Mines Associates to conduct a comprehensive internal and external executive search to identify a replacement Chief Executive Officer. Until a replacement has been identified, the company will be operated by an interim Executive Operating Committee consisting of President/Chief Merchandising Officer David Campisi, Chief Administrative Officer/Chief Financial Officer Tom Hendrickson, and Chief Operating Officer Greg Waters.

"Doug has been the driving force in growing Sports Authority from a small regional chain to a national powerhouse. He has been one of Leonard Green & Partners' most trusted and valued management partners for the past fifteen years. We respect Doug's decision at this time to step back from day-to-day operations and we look forward to his continued involvement as Chairman," said Jonothan Sokoloff, Managing Partner, Leonard Green & Partners, L.P.

Morton joined Sports Authority in 1986 and was named CEO in 1995. During his tenure as CEO the company acquired multiple other sporting goods retailers and created the nation's first national full-line sporting goods chain.

"When I began my career with Sports Authority, we were a small chain of stores and no one could have imagined the transformation of our company into a multi-billion dollar retailer with a national footprint. As Chairman, I will continue to champion our brand and our people."

Morton added, "The time is right to transition out of the CEO role and turn the company over to a new leader who will inherit an organization that is well-capitalized, possesses a strong management team, great vendors, and significant new store development possibilities."

About Sports Authority

Headquartered in Englewood, CO, Sports Authority is one of the nation's largest full-line sporting goods retailers, offering a comprehensive and high-quality assortment of brand name sporting apparel and equipment at competitive prices.

Sports Authority is staffed with experts in all areas of sports and fitness related topics, and strives to be the ultimate "authority," both on and off the field. Whether in the game or cheering from the sidelines, Sports Authority is the leading destination for consumers to fulfill their own sports equipment needs, as well as find their favorite team's apparel.

Sports Authority operates 465 stores in 45 states, and employs more than 15,000 associates nationwide. It also operates stores in Japan under a licensing agreement with AEON Co., Ltd. The company's e-commerce website is located at www.sportsauthority.com.

About Leonard Green & Partners, LP

Leonard Green & Partners, L.P. is a private investment firm established in 1989 which manages approximately $9 billion of equity capital. The firm's investments are focused primarily on North American companies in a range of industries including retail, consumer products, distribution, media, business services and healthcare. Significant investments include The Brickman Group, The Container Store, David's Bridal, Jetro Cash and Carry, Neiman Marcus Group, Petco Animal Supplies, The Sports Authority, The Tire Rack, Tourneau and Whole Foods.

Related

HealthFitness Announces Executive Changes: Chief Operations Officer Appointed; Vice Chairman Retires

MINNEAPOLIS, Feb. 4 -- HealthFitness (OTC Bulletin Board: HFIT) announced today that John Griffin has joined the company as chief operations officer, Jim Reynolds, MD, has joined the company as chief medical officer and Jerry Noyce has retired as vice chairman. HealthFitness is a ...read more

Bally Total Fitness Paul Toback Resigns as Chairman, President and CEO

Bally Total Fitness Holding Corporation (NYSE: BFT) today announced the resignation, effectiveimmediately, of Paul A. Toback as Chairman, President and CEO pursuant to a Separation Agreement dated August 10, 2006. The Company said that Don R. Kornstein has been appointed interim ...read more

NSGA President & CEO Jim Faltinek Announces Retirement

MOUNT PROSPECT, IL (January 3, 2008) – The National Sporting Goods Association (NSGA) today announced that James L. Faltinek, its President and CEO, will voluntarily retire from the Association May 2, 2008. The Association plans to consider both internal and external candidates ...read more

Retired Phelps Dodge Chairman J. Steven Whisler Joins Brunswick Board of Directors

LAKE FOREST, Ill., Oct. 23 -- Brunswick Corporation (NYSE: BC) announced today that J. Steven Whisler, retired chairman and chief executive officer of Phelps Dodge Corporation, has been elected to Brunswick's board of directors, effective immediately. The election of Whisler, 52, ...read more

Jürgen Lohrberg retires from ispo

After 30 years with the international sports trade fair ispo, Jürgen Lohrberg is retiring on May 31, 2006.He became project manager at the Munich Messe- und Ausstellungs GmbH in 1969. The Munich Trade Fair was just five years old at that time and still working to receive ...read more

Imperial Headwear Hires Doug Kelly as new CEO

Aurora, CO (November 1, 2010) - Imperial Headwear announced today that Doug Kelly has joined the company as its new Chief Executive Officer. Mr. Kelly joins Imperial after most recently serving as President of Russell Athletic Group. During his tenure at Russell, which markets ...read more

Joe Boldan, Chairman and CEO of Ex Officio, Retires

Joe Boldan called the SNEWS® offices last week and dropped a bombshell in our laps -- After 15 years with Ex Officio, he's retiring, effective the end of March. "We have a phenomenal team here, and with Orvis there is structure here that we never had before," says Boldan. "The ...read more

KT Tape Teams with Sports Authority for Nationwide Rollout

KT Tape is the only kinesiology tape to come in convenient, easy-to-use pre-cut strips specifically designed for athletes to apply themselves. This innovative new product is set to revolutionize the way athletes at any level deal with injuries, muscle aches and pains by giving ...read more

Sports Authority Adds Life Fitness to Offering

SCHILLER PARK, Ill., May 11, 2010 – Sports Authority has partnered with Life Fitness to offer health club quality exercise equipment to its customers. Beginning in 12 of its stores located in Northern California, Alaska and Hawaii, a selection of Life Fitness strength and ...read more