Foot Locker, Inc. has elected Sonia Syngal and John Venhuizen as new directors of the board, effective January 12, 2025. The company also noted that Guillermo G. Marmol will not stand for reelection at the company’s 2025 annual meeting of shareholders in accordance with the company’s director retirement age policy within the company’s corporate governance guidelines.
Sonia Syngal, an accomplished retail executive with two decades of industry experience, most recently served as president and CEO of Gap, Inc. John Venhuizen has served for 12 years as president and CEO of Ace Hardware Corporation, the largest hardware cooperative and hardline distributor in the world.
Mary Dillon, president and chief executive officer of Foot Locker, Inc., expressed enthusiasm about the new additions, stating, “We are thrilled to welcome Sonia and John to our board. We look forward to benefiting 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.”
The company's non-executive chairman, Dona D. Young, emphasized the importance of refreshing the board with the right mix of skills and experience, and expressed confidence that Sonia and John will be valuable additions to the board.
Foot Locker, Inc. is a leading footwear and apparel retailer with approximately 2,500 retail stores in 26 countries across North America, Europe, Asia, Australia, and New Zealand, and a licensed store presence in Europe, the Middle East, and Asia. Following these announcements, the company's shares moved -3.1%, and are now trading at a price of $20.64. For more information, read the company's full 8-K submission here.
