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Foot Locker Surges After Ex-Ulta Beauty Chief Mary Dillon Named CEO

  • Retail veteran to replace Richard Johnson effective Sept. 1
  • Company’s results top estimates; full-year outlook lowered
Mary Dillon

Mary Dillon

Photographer: Jean-Marc Giboux/AP

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Foot Locker Inc. jumped after naming retail industry veteran Mary Dillon to be its next chief executive officer in a move that one analyst called a “huge win” for the company.

Dillon, formerly the CEO and executive chair of Ulta Beauty Inc., will replace Richard Johnson, who is retiring, Foot Locker said Friday in a statement. Dillon will also become a member of the athletic-wear retailer’s board. Both appointments are effective Sept. 1.