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Foot Locker Inc. said Wednesday it has elected President and CEO Ken Hicks to the additional role of chairman of the board.
The added position will be effective Jan. 30, 2010. Hicks will succeed Matt Serra, 65, whose retirement from Foot Locker also will take place on Jan. 30.
"I appreciate the confidence that the board of directors has expressed in electing me to the additional position of chairman of the board. I join with the board in expressing my appreciation to Matt Serra for his assistance and guidance during the transition," Hicks said in a company statement.
Hicks, 56, became president and CEO of Foot Locker on Aug. 17. Previously, he was president and chief merchandising officer at J.C. Penney Co.