Foot Locker Announces Lauren B. Peters New CFO

Foot Locker, Inc. FL, the New York-based specialty athletic retailer, announced today a series of organizational changes designed to enhance its focus on its two key business units – retail stores and direct-to-customer, and to strengthen the operations supporting each unit. The changes will take effect as of July 1, 2011. Specifically the Company will: Consolidate the reporting of all its retail store businesses under Richard A. Johnson, who will be promoted to Executive Vice President and Group President – Retail Stores with responsibility for all of the Company's domestic and international store banners. Elevate its direct-to-customer business unit to report directly to Ken C. Hicks, its Chairman, President and Chief Executive Officer; and Consolidate its key operational areas, under Robert W. McHugh, who will be promoted to the new position of Executive Vice President – Operations Support, with responsibility for Information Systems and Technology, Real Estate, Logistics, Sourcing and Team Edition. Mr. Hicks said, "This senior management reorganization will allow us to focus our key business units on improving our execution and continue to build on the success of our businesses. In particular, consistent with our strategic priorities, it will also enable us to strengthen our brands and put more emphasis on our high potential growth areas of .com and international development." In conjunction with today's announcements, the Company said that Lauren B. Peters will be promoted to Executive Vice President and Chief Financial Officer, succeeding Mr. McHugh, who had held the position since 2005. Ms. Peters was previously Senior Vice President of Strategic Planning, a position she has held since 2002, where she helped to lead the development and implementation of our current long-range strategy.