Sports shoe chain Foot Locker has promoted two executives to lead its finance and accounting division, following the resignation of chief financial officer Bruce Hartman, who is moving to another company.

Robert McHugh is being promoted from the position of vice president and chief accounting officer to the role of senior vice president and chief financial officer.

Giovanna Cipriano is being promoted from divisional vice president and financial controller  to vice president and chief accounting officer.

Chairman and chief executive Matthew Serra said: "The change does not reflect any disagreements over the company's financial reporting or accounting policies."

Foot Locker is a specialty athletic retailer that operates approximately 4,000 stores in 20 countries in North America, Europe and Australia.