As CEO Moves On, Academy Sports Searches for Successor

Academy Sports + Outdoors, a sports, outdoor and lifestyle retailer, announced that it will begin the process to identify a successor for company president and CEO, Rodney Faldyn. Faldyn joined Academy in 2006 and became CEO when an investment entity controlled by affiliates of Kohlberg Kravis Roberts & Co. L.P. acquired a majority interest in Academy in August 2011.

"Mr. Faldyn has led Academy to extraordinary heights, including growing store count by nearly 50 percent, launching a new e-commerce platform, implementing a new Oracle retail management system, and, most impressively, driving strong performance by nearly doubling cash flow from earnings during our ownership," says Nate Taylor, Academy board member & KKR head of retail - Americas. 

While Faldyn has not decided on a specific timeline for his exit, Academy has nonetheless initiated a succession planning process to ensure a seamless executive management transition during this period. Faldyn will remain CEO as well as a board member during the search process.

"I'm tremendously proud of Academy Sports + Outdoors' evolution as we've strengthened our market position, expanded our store footprint, and invested in talent and infrastructure," says Faldyn. "Academy has been my passion for the past ten years, and I am fully committed to facilitating a smooth transition to my successor when the time is right. I look forward to remaining a long-term investor in the company."
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