Dick’s Sporting Goods Names New Board Members

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Dick’s Sporting Goods Names New Board Members

By Thad Rueter - 09/22/2020
Dick’s Names New Board Members
Dick's Sport Goods enjoyed a 20% revenue increase in Q2.

Dick’s Sporting Goods has added two people to its board of directors, the retail chain said Tuesday.

Joining the board are Sandeep Mathrani, CEO of WeWork; and Desiree Ralls-Morrison, the senior vice president, general counsel and corporate secretary at Boston Scientific Co. Dick’s said that Vincent Byrd and Allen Weiss have stepped down from its board, after a combined nearly 17 years of service.

“Sandeep and Desiree are joining our board at a pivotal time in the company's history, as we continue to meet the evolving needs of our customers, our employees and our other key stakeholders," said Ed Stack, Dick’s chairman and CEO. “They bring a variety of relevant experiences to our board, and we are very confident their contributions will have a meaningful and lasting impact on our company.”

In late August, Dick’s reported that revenue increased 20.1% year-over-year in the second quarter ended Aug. 1, reaching $2.71 billion — an increase that the company credited, at least in part, to shoppers focusing on health and fitness at home during the pandemic.

Mathrani has been the WeWork CEO and a member of its board since February 2020.

Prior to WeWork, he served as CEO of Brookfield Properties Retail Group and as vice chairman, Brookfield Properties. Prior to that, he served as CEO of GGP Inc. for eight years, during which he oversaw the company's strategic rebranding in 2017 to a retail real estate company, as well as the successful $9.25 billion acquisition of GGP by Brookfield Property Partners in 2018.

Mathrani also serves on the executive board and the board of trustees for the International Council of Shopping Centers, the executive board and was the 2019 chair of the National Association of Real Estate Investment Trusts.

"I am pleased to join the board as the company continues to integrate its online and brick and mortar strategy," said Mathrani. “Dick’s has a tremendous opportunity to further cement its lead in the sporting goods industry, accelerate its digital and in-store capabilities and drive value for customers and shareholders.”

Ralls-Morrison, meanwhile, provides legal leadership across Boston Scientific's global business and oversees the company's global compliance function.

Prior to joining Boston Scientific in 2017, Ralls-Morrison held leadership positions at several Fortune 500 class corporations. She was senior vice president and general counsel at Boehringer Ingelheim USA; general counsel, consumer sector at Johnson & Johnson; and associate counsel at Merck, among other positions.

Ralls-Morrison has been widely recognized for her professional achievements. She was recently selected for the Financial Times 2020 "Global GC27" list of most innovative general counsels, and Black Enterprise magazine named her one of the "Most Powerful Women in Corporate America" in 2019.

"I'm delighted to be joining the board at Dick’s at a time of such dynamic growth for the company," said Ralls-Morrison. “I look forward to working with the management team, Sandeep and the other directors to advance the company's legacy of leadership in this new chapter – and expand what it means for American corporations to create value and drive innovation.”