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, a well-regarded retail veteran whose most recent roles have including heading Nike's stores and websites, as well as being CEO of Gap Inc.'s Athleta brand. Laughton will start as president on Feb. 3, and after a transition period, will take the full reins on March 25.
