ASO’s EVP and chief merchandising officer will take over from Ken Hicks as CEO effective June 1, as part of a planned succession that will see Hicks transition to executive chairman, and split the CEO and president roles. Michael Mullican, who is currently EVP and chief financial officer, will become president, and Lawrence and Mullican will remain in charge of merchandising and finance until their successors are found. Meanwhile, EVP of retail operations, Sam Johnson will add responsibilities for the real estate, construction and store design functions.

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