Weeks after the retailer shuttered its experiences business, REI on Wednesday announced that CEO Eric Artz will retire in March as part of a planned succession process. Mary Beth Laughton, a former REI board director and one-time Athleta CEO, will take on the role, per a press release emailed to Retail Dive.

Nike executive Mary Beth Laughton has been named incoming CEO of REI. Laughton has since August 2023 been head of Nike Global Direct to Consumer. According to her LinkedIn profile, she is still a member of Nike's leadership team. She will replace REI President and CEO Eric Artz, who will retire on March 31, the co-op announced Wednesday.

Recreational Equipment Inc., the outdoor-gear retailer better known as REI, is getting a new trail guide. The struggling company announced on Wednesday that longtime CEO Eric Artz is retiring in late March and will be replaced by Mary Beth Laughton,