Englewood, Colo. – Michael Foss has been named CEO of The Sports Authority Inc. He replaced outgoing CEO Darrell Webb, who is retiring both as the company’s chief executive and chairman of the board.
Foss, a member of the board of directors of The Sports Authority since 2009, most recently served as executive VP and CFO at Petco Animal Supplies and as CFO of Circuit City Stores before that. He has 30 years of executive experience across a variety of verticals including retail.
Webb is retiring after a 33-year career as a retail executive and will remain in his position as chairman of the board for Jo-Ann Stores.
“Mike is a proven leader in retail who we have worked with for the past six years at Petco,” said Jonathan Sokoloff, managing partner of Leonard Green & Partners, majority shareholder of Sports Authority and shareholder in Petco. “He comes to Sports Authority with an intimate knowledge of the company and its recent activities from his role on the company’s board. He will be an excellent leader for the company going forward as we continue to strengthen the business model and drive innovation across our national footprint of stores.”