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Sports Authority has a new chief.
The retailer's board of directors appointed Michael Foss to the CEO post on Thursday following the retirement of Darrell Webb.
Foss, who has served on the Sports Authority board since 2009, has more than 30 years of executive experience. Most recently, he was EVP and CFO at Petco Animal Supplies, owned by Leonard Green & Partners, which also owns Sports Authority.
“Mike is a proven leader in retail who we have worked with for the past six years at Petco. He comes to Sports Authority with an intimate knowledge of the company and its recent activities from his role on the company’s board,” Jonathan Sokoloff, managing partner of Leonard Green & Partners, said in a statement. “He will be an excellent leader for the company going forward as we continue to strengthen the business model and drive innovation across our national footprint of stores.”