US sporting goods retailer Hibbett Sports Inc has announced that chief financial officer Gary Smith is set to retire.

Smith will stand down from 1 June, and the company said it has commenced a search for his replacement.

Smith joined Hibbett in April 2001 as vice president and CFO. Prior to joining Hibbert, he held senior financial positions with Parisian for most of his career.

"We are sorry to see Gary leave us, but regrettably understand his choice to retire and spend more time with his family,"  said president and CEO Jeff Rosenthal.

"Gary has been a key contributor to our growth and success over the past 12 years. He has built an exceptional financial organization at Hibbett, and his successor will inherit a very capable team."