Sidney, Neb. -- Cabela's Inc. said Monday that its co-founder and chairman Richard N. Cabela has transitioned to the role of chairman emeritus, effective June 5, as part of the company’s succession plan.
Dick’s brother, James W. Cabela, co-founder and currently vice chairman, will become chairman following the June 5 annual meeting of shareholders.
“We are … pleased our long-term succession plans once again worked,” Tommy Millner, CEO, said. “This has been a key focus over the past four years for our management team and board of directors at every level of leadership within the organization.”