The Foot Locker, Inc. Board of Directors has elected Sonia Syngal and John Venhuizen as directors of the Board, effective January 12, 2025.
Foot Locker also announced that Guillermo G. Marmol will not stand for reelection at the company’s 2025 Annual Meeting of Shareholders in compliance with its Director Retirement Age Policy within Corporate Governance Guidelines.
Syngal has two decades of industry experience in the retail sector,or spanning e-commerce sales, global supply chain, operations, brand strategy, and marketing. Most recently, she served as president and CEO 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 and CEO, Old Navy and EVP, global supply chain. She also serves as a member of the Board of Directors of Tanger, Inc.
Venhuizen has served as the president and CEO of Ace Hardware Corporation, the largest hardware cooperative and hardline distributor worldwide, for 12 years after being company president and COO. During his 30-year tenure at Ace, he has held roles of increasing responsibility, including leadership positions 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 of Foot Locker, Inc. “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 to express our sincere gratitude to Gil for his significant contributions to Foot Locker, Inc. during his time as a director,” continued Young.
Company President and CEO Mary Dillon 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.”
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,” 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.”
Image courtesy Foot Locker, Inc.
