Recreational Equipment, Inc., aka REI, has announced Mary Beth as the company's new CEO. The previous CEO, Eric Artz, is reported to leave the position as he retires in March.

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.