Eric Artz named CEO of REI co-op following interim period

REI’s board of directors has named Eric Artz to the role of President and CEO of the American outdoor brand, effective immediately. He had been serving as interim CEO since February, when former President and CEO Jerry Strizke resigned over a relationship with an executive of a competing brand.

"After a thorough national search, it was clear to us that the best person for the job was already leading the co-op," said Board Chair Steve Hooper in a statement. "Anyone who knows him well will tell you that above all, he cares deeply about the power of the outdoors to bring people together."

Artz has been working at REI for seven years. Prior to taking on the role of interim CEO, he served as Chief Operating Officer and Chief Financial Officer.

Organized as a consumer co-operative, REI sells sportswear, sporting goods, travel equipment and camping gear in 154 own stores in 35 states and the District of Columbia. The company reported earnings of 2.78 billion US dollars in 2018.