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These Were the Biggest Footwear CEO Changes of 2025
Yahoo Finance· 2025-12-30 14:00
Leadership Changes - Nike appointed Aaron Cain as the new CEO of Converse, succeeding Jared Carver, who left after two years. Cain is a 21-year veteran of Nike and will address Converse's underperformance in revenue contribution [1] - Arthur Hoeld replaced Arne Freundt as CEO of Puma amid slowing sales, with a strategy focused on reducing reliance on wholesale and expanding direct-to-consumer channels [2][3] - Mary Dillon and Franklin Bracken exited Foot Locker following its $2.4 billion acquisition by Dick's Sporting Goods, with Ed Stack leading the company alongside two new presidents [9] CEO Turnover Trends - The retail industry has seen 43 CEO exits in 2025, a 34 percent increase from the previous year, while the consumer products industry recorded 56 CEO exits, down 19 percent [4] - Overall CEO turnover in U.S. companies has decreased by 3.5 percent in 2025, with 1,760 CEOs leaving their positions as of October [5] Financial Performance - Converse reported revenues of $300 million in the fiscal second quarter, a decline of 30 percent year-over-year, attributed to decreases across all territories [7] - Boot Barn's net sales increased by 18.7 percent year-over-year to $505.4 million in its fiscal second quarter, with plans to expand from 500 to 1,200 locations [21] - The Athlete's Foot experienced a 45 percent increase in regional revenue, contributing $272.1 million to its overall performance in 2024 [23]