1. Foot Locker Will Soon Have Two New Women in Power as CEO and Board Chair: Why That Matters

    Foot Locker Will Soon Have Two New Women in Power as CEO and Board Chair: Why That Matters

    Last week, Foot Locker announced that Mary Dillon would take over as CEO, replacing Dick Johnson, who previously served as CEO, president and chair of the footwear retailer. The company also announced that its lead independent director Dona Young would replace Johnson as the company’s non-executive chair, effective Jan. 31, 2023. With this shift, Foot Locker will occupy a rare position among public companies of its stature, with two women at the helm of its board and C-Suite...

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    1. They're great people and they're great leaders, and that's ultimately what matters.
    2. We believe Dillon can have an immediate effect on Foot Locker's overall pace of organizational change in the areas of digital engagement, pursuit of new revenue initiatives and capital allocation practices.
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