The Finish Line, Inc. (NASDAQ: FINL) announced today that Steve
Schneider, currently president and chief operating officer, will
transition to the role of executive vice president of strategic
initiatives effective July 1, 2013.
“When Steve first approached me about his long-term plan toward
retirement after almost 35 years in specialty retail including 24 years
at Finish Line, we discussed how to continue to capitalize on his
strengths and the vital role he holds with our leadership team,” said
Glenn Lyon, chairman and chief executive officer. “Steve’s incredible
business acumen, his strong operational analysis and his keen vision for
planning will be key to implementing Finish Line’s long-term strategic
growth plan.”
Organizationally, Schneider will report to Lyon. Those currently
reporting to Schneider will either report to Lyon or Ed Wilhelm,
executive vice president and chief financial officer.
“As I look down the road both personally and professionally, this new
position affords me the opportunity to spend more time with my family
and to work more closely with community and philanthropic groups that I
value while staying intricately involved in Finish Line’s long-term
organizational strategy,” added Schneider.
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 652 stores
in malls across the U.S., manages the athletic footwear inventory in 660
Macy’s stores, and employs more than 11,000 sneakerologists who help
customers every day connect with their sport, their life and their
style. Online shopping is available at www.finishline.com
and www.macys.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.
Finish Line also operates, through a venture with Gart Capital Partners,
the Running Specialty Group, including 38 specialty running shops in 11
states and the District of Columbia under The Running Company, Boulder
Running Company, Blue Mile, Run On! and Road Runner banners. More
information is available at www.run.com.
Forward-Looking Statements
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,” “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 forward-looking statements.
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); 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 circumstances.
Copyright Business Wire 2013