After 22 years at The Sports Authority, Doug Morton is stepping down as CEO, but will remain with the company as chairman of the board.
Herbert Mines Associates is currently conducting an executive search, both internally and externally, to find a replacement. David Campisi, president and chief merchandising officer; Tom Hendrickson, chief administrative officer and CFO; and COO Greg Waters will take over until a replacement is found.
“The [executive] bench there is pretty accomplished, so there is a good management team and organization,” said Christopher Svezia, an analyst at Susquehanna Financial Group. “I don’t think there is going to be sudden changes in the course of business. They’ve planned well through the holiday.”
Morton joined The Sports Authority in 1986 and took over the position of CEO in 1995.
“When I began my career with Sports Authority, we were a small chain of stores
and no one could have imagined the transformation of our company into a
multibillion-dollar retailer with a national footprint,” he said in a statement released Wednesday. “As chairman, I will continue to champion our brand and our people.”