Richard Johnson has been with Foot Locker for almost two decades

Richard Johnson has been with Foot Locker for almost two decades

US speciality athletic retailer Foot Locker has switched CEO, appointing company executive Richard Johnson to succeed outgoing chief Ken Hicks.

The planned succession process will see Hicks retire on 1 December, with Johnson taking up the role from this date. Hicks will remain actively involved at the company, participating in day-to-day operations through the first quarter of fiscal 2015, in order to ensure a smooth transition process.

As part of this process, both are currently working together to develop the next phase of the company's long-range strategic plan, which is being spearheaded by Johnson and is expected to be presented to the investment community in the spring of next year.

Johnson has been with Foot Locker for almost two decades, having previously served as EVP and group president of retail stores, following roles including CEO of the company's Foot Locker divisions in the US, CEO of Foot Locker Europe, and CEO of Footlocker.com/Eastbay.