Foot Locker, Inc. has requested that Richard T. Mina resign from his position as president and CEO of Foot Locker, Inc., U.S.A., effective Sept. 30. According to a filing with the Securities & Exchange Commission, Mina’s employment contract with the company will actually be terminated on Oct. 31.

“The company has requested that Mr. Mina resign from his position as president and chief executive officer, Foot Locker, Inc. – U.S.A., and from all other positions he holds as an officer or director of the company or any of its subsidiaries, effective September 30, 2008,” Foot Locker said in the filing.  The filing offered few other details.

However, in a report issued Wednesday, John Shanley, senior analyst for Susquehanna Financial Group, intimated that that Mina’s departure was likely the result of “difficulties that the executive has had over the past year with both managing the line executives that reported to him as well as persistent problems he had working with the key vendors of the company’s US operations.”

Still, Shanely said he felt the company had a “significant depth of management talent” that should serve them well.
 
Mina’s position will apparently not be replaced — at least for now.  Keith Daly, president and CEO of Foot Locker US, Kids Foot Locker and Footaction, and Marla Anderson, president and CEO of Lady Foot Locker, will now report to Matt Serra, chairman and CEO of the company.  Ron Halls, president and CEO of the retailer’s International division, will now have the Champs Sports and Team Edition retail units report to him, as well as Global Sourcing.
 
Mina had been president and CEO of Foot Locker, Inc., USA. since 2003. Prior to taking that role, Mina has been president and CEO of Champs Sports since 1999 and was given credit for turning around the division. Prior to the Champs position, Mina was president of Foot Locker Europe.