Sports Authority announced Wednesday that Doug Morton, 59, will be retiring as chief executive. Morton, who has been with the sporting-goods retailer for 22 years, will remain as chairman.
The board of directors has retained Herbert Mines Associates to conduct an internal and external CEO search. The Englewood-based company will be operated by an interim executive operating committee until a replacement is named.
Morton joined Sports Authority in 1986 and was named CEO in 1995. During his tenure, the company acquired multiple sporting-goods retailers and created the nation’s first national full-line sporting-goods chain.
“When I began my career with Sports Authority, we were a small chain of stores and no one could have imagined the transformation of our company into a multibillion-dollar retailer with a national footprint. As chairman, I will continue to champion our brand and our people,” Morton said. The Denver Post ; Denver Post file photo
