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.

Recreational Equipment Inc., the outdoor-gear retailer better known as REI, is getting a new trail guide. The struggling company announced on Wednesday that long time CEO Eric Artz is retiring in late March and will be replaced by Mary Beth Laughton,

REI CEO Eric Artz is retiring at the end of March, the Issaquah-based co-op announced Wednesday.

The president and CEO of Pacific Northwest-based athletics retailer REI will be retiring from the company starting in February, marking a "new chapter" in the co-op's 87-year history. REI announced Wednesday the upcoming departure of Eric Artz,