REI this week named Portland’s Mary Beth Laughton the co-op’s next CEO, making her the latest Nike executive to get the top job at another company. Laughton will succeed Eric Artz, who is retiring.

REI Co-op President and CEO Eric Artz will retire in March, marking a new chapter in the co-op’s 87-year history. Mary Beth Laughton, a former REI Board Director described as a “seasoned retail leader,” will join REI as president on February 3, 2025, before assuming full CEO responsibilities on March 31.

Weeks after the retailer shuttered its experiences business, REI on Wednesday announced that CEO Eric Artz will retire in March as part of a planned succession process. Mary Beth Laughton, a former REI board director and one-time Athleta CEO, will take on the role, per a press release emailed to Retail Dive.