Sportsman’s Warehouse Holdings has announced the appointment of Paul Stone as the new president, chief executive, and board member of the company. Stone, a veteran retail executive, will commence his role on November 1. He brings with him a wealth of experience following his previous position as president and chief operations officer of car-rental giant Hertz Global Holdings. Prior to his time with Hertz, Stone spent almost thirty years with Walmart’s Sam’s Club unit and gained further expertise during his two-year tenure with Cabela’s.
Stone, aged 58, will assume his new role with an annual base salary of $1.1 million, along with an annual bonus that targets 150% of his base pay. This high-profile appointment comes after Joseph Schneider, Sportsman’s Warehouse’s Chairman, temporarily held the position of interim president and CEO following the retirement of Jon Barker in April.
Schneider will continue to contribute to the company as its independent chairman until the end of this year, after which Rich McBee, a current board member since November 2018, will succeed him. These changes represent an exciting transition for Sportsman’s Warehouse as it looks to capitalize on Stone’s expertise and strengthen its position in the sporting goods retail industry.
By Colin Kellaher