Sports
Authority appointed Michael Foss to the position of CEO following the
retirement of Darrell Webb. 

 

Foss,
who has served on the Sports Authority board of directors since 2009, has more
than 30 years of experience in the financial and general management operations
of public and private companies in the retail, technology and customer service
industries. He joins the company from Petco Animal Supplies, where he served as
EVP and CFO since 2007. Leonard Green & Partners, L.P., the majority owner
of Sports Authority, is also a large shareholder in Petco.

 

Prior
to his tenure with Petco Animal Supplies, Foss also held the position of CFO
Officer at Circuit City Stores, preceded by various leadership positions at
Teletech Holdings Corporation, Kodak, Rally’s and IBM. 

 

“Mike
is a proven leader in retail who we have worked with for the past 6 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,” said Jonathan
Sokoloff, managing partner, Leonard Green & Partners, L.P. “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.”

 

Webb
is retiring from his positions as CEO and chairman after a 33-year career in
retail, including the first 26 with Fred Meyer Stores and its affiliates in the
Pacific Northwest. Prior to being named CEO of Sports Authority in 2011,  Webb was chairman and CEO of Jo-Ann Stores.

 

Sokoloff
added, “We thank Darrell for his significant contributions to Sports Authority
over the past several years and congratulate him on an outstanding career and
wish him the very best in his retirement.”