Foot Locker, Inc. has elected Matthew M. McKenna, Senior Vice President of Finance for PepsiCo, Inc., to the company’s Board of Directors, effective immediately. He was elected at Foot Lokcer, Inc.’s Annual Shareholder Meeting on May 24, 2006.

“We are very pleased that Matt McKenna is joining our Board of Directors,” stated Matthew D. Serra, Chairman and Chief Executive Officer of Foot Locker, Inc. “His extensive financial background and years of experience with a large multi-national corporation make him a strong addition to our Board.”

Mr. McKenna has been in his current position as Senior Vice President of Finance at PepsiCo. since August 2001. Previously, he was Senior Vice President and Treasurer and before that Senior Vice President, Taxes. Prior to joining PepsiCo. in 1993, Mr. McKenna was a partner with the law firm of Winthrop, Stimson, Putnam & Roberts in New York specializing in federal income tax matters. He is currently a director of PepsiAmericas, Inc. and a trustee of Hamilton College.