Sam Sato to succeed Glenn Lyon as Chief Executive Officer;
to Continue in Board Leadership Role
INDIANAPOLIS--(BUSINESS WIRE)--Jan. 7, 2016--
The Finish Line board of directors announced today that Sam Sato will
succeed Glenn Lyon as chief executive officer of The Finish Line, Inc.
(NASDAQ: FINL) effective February 28, 2016. Lyon, who currently serves
as CEO and chairman of the board, will serve as executive chairman of
the board through the end of calendar year 2016. At the beginning of
2017, Lyon will transition to the role of non-executive chairman of the
“During the past few years, our board and management team have worked
diligently together to prepare for this change in leadership,” said
Lyon. “Our goal has been to ensure a seamless transition and I am
honored to announce Sam’s elevated role.”
Lyon continued, “Working with Sam for more than seven years here at
Finish Line, I have seen him dramatically impact our premium brand
position in the athletic retail world and, importantly, build strong
bridges with our brand partners. With his tremendous strength in crucial
customer-facing facets, Sam has earned a highly respected reputation
across our business, internally and externally, as well as with our real
estate, information technology and brand partners. I am confident Sam
will lead Finish Line boldly into the future as he truly understands the
importance of serving the customer in an omnichannel world.”
Sato started his executive retail career at Nordstrom in 1985 prior to
joining Finish Line in March 2007 as executive vice president and chief
merchandising officer. He was named president and chief merchandising
officer in August 2010 and became president of the Finish Line Brand in
October 2012. Most recently, in October 2014 Sato was named president of
The Finish Line, Inc. and was elected to the company’s board. As CEO, he
will report to the board.
“I greatly appreciate and value Glenn’s trusted mentorship,” said Sato.
“I look forward to continue working closely with the board and our
senior management team in my new role as we execute against Finish
Line’s short- and long-term goals and strategic, customer-centric
Bill Carmichael, lead director of The Finish Line, Inc. board added,
“Today we realize a milestone in our multi-year succession planning and
appreciate Glenn’s continued leadership through this transition. Since
Glenn assumed the role of chief executive officer in 2008, Finish Line
has developed into a multi-divisional high growth retail business. His
strong business acumen created a vision through the lens of the
customer-facing omnichannel world for Finish Line that included growth
opportunities like Macy’s and our running specialty business,
JackRabbit. Glenn’s dedicated and passionate leadership further expanded
the breadth and depth of our customer outreach in the premium athletic
About The Finish Line, Inc.
The Finish Line, Inc. is a premium retailer of athletic shoes, apparel
and accessories. Headquartered in Indianapolis, Finish Line has
approximately 1,010 Finish Line branded locations primarily in U.S.
malls and shops inside Macy’s department stores and employs more than
14,000 sneakerologists who help customers every day connect with their
sport, their life and their style. Online shopping is available at www.finishline.com
Mobile shopping is available at m.finishline.com.
Follow Finish Line on Twitter at Twitter.com/FinishLine
and “like” Finish Line on Facebook at Facebook.com/FinishLine.
Track loyalty points and find store and product information with the
free Finish Line app downloadable for iOS
Finish Line also operates the Running Specialty Group. This includes 73
specialty running stores in 16 states and the District of Columbia under
the JackRabbit, The Running Company, Run On!, Blue Mile, Boulder Running
Company, Roncker’s Running Spot, Running Fit, VA Runner, Capital
RunWalk, Richmond RoadRunner, Garry Gribble’s Running Sports, Run
Colorado, Raleigh Running Outfitters, Striders and Indiana Running
Company banners. More information is available at www.jackrabbit.com
Follow the latest about the brand on Twitter or Instagram via
This news release includes statements that are or may be considered
"forward-looking" within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
These forward-looking statements generally can be identified by the use
of words or phrases such as "believe," "expect," "future," "anticipate,"
"intend," "plan," "foresee," "may," "should," "will," "estimates,"
"outlook," "potential," "optimistic," "confidence," "continue,"
"evolve," "expand," "growth" or words and phrases of similar meaning.
Statements that describe objectives, plans or goals also are
All of these forward-looking statements are subject to risks, management
assumptions and uncertainties that could cause actual results to differ
materially from those contemplated by the relevant forward-looking
statements. The principal risk factors that could cause actual
performance and future actions to differ materially from the
forward-looking statements include, but are not limited to, the
company's reliance on a few key vendors for a majority of its
merchandise purchases (including a significant portion from one key
vendor); the availability and timely receipt of products; the ability to
timely fulfill and ship products to customers; fluctuations in oil
prices causing changes in gasoline and energy prices, resulting in
changes in consumer spending as well as increases in utility, freight
and product costs; product demand and market acceptance risks;
deterioration of macro-economic and business conditions; the inability
to locate and obtain or retain acceptable lease terms for the company's
stores; the effect of competitive products and pricing; loss of key
employees; execution of strategic growth initiatives (including actual
and potential mergers and acquisitions and other components of the
company's capital allocation strategy); cybersecurity risks, including
breach of customer data; a major failure of technology and information
systems and the other risks detailed in the company's Securities and
Exchange Commission filings. Readers are urged to consider these factors
carefully in evaluating the forward-looking statements. The
forward-looking statements included herein are made only as of the date
of this report and Finish Line undertakes no obligation to publicly
update these forward-looking statements to reflect subsequent events or
View source version on businesswire.com: http://www.businesswire.com/news/home/20160107005608/en/
Source: The Finish Line, Inc.
The Finish Line, Inc.
Dianna L. Boyce, 317-613-6577