Lauren Hobart Explained

Lauren R. Hobart
Birth Date:1 August 1968
Birth Place:New York City, US
Education:University of Pennsylvania
Stanford University
President and CEO, Dick's Sporting Goods
Term:February 2021-
Predecessor:Edward W. Stack
Boards:Dick's Sporting Goods
Marriott International
Children:3

Lauren Hobart (born August 1, 1968) is an American businesswoman, and has been the president and CEO of Dick's Sporting Goods since February 2021.

Early life

Hobart earned a bachelor's degree from the University of Pennsylvania, and an MBA from Stanford University.[1]

Career

Hobart worked for Wells Fargo and JPMorgan Chase, followed by 14 years at PepsiCo[2] in a number of leadership roles, including CMO of Carbonated Soft Drinks in North America. She joined Dick's Sporting Goods in 2011 as senior vice president and chief marketing officer.[3] In 2015, she became executive vice president and CMO, and went on to become chief customer and digital officer.[3] In 2017, Hobart was appointed president and, in 2018, she joined the board of directors.[4]

Hobart was on the board of Sonic Corp. from 2014 to 2018.[5] In October 2020, Yum! Brands announced the appointment of Hobart as a non-executive director, effective November 2020.[2] She was on the board of Yum! Brands from 2020 to 2022. She joined the board of Marriott International in March 2023.

On February 1, 2021, she succeeded Edward W. Stack (son of the founder, Dick Stack) as CEO of Dick's Sporting Goods.[6] [7] She is the first woman to hold this position for the company, which was previously held by members of the Stack family.[8]

Hobart is president of The Dick's Sporting Goods Foundation. She initiated the Sports Matter program in 2014, which provides grants, equipment and sponsorships to underserved youth sports programs.[9] [10]

Notes and References

  1. Web site: DKS Company Profile & Executives - Dick's Sporting Goods Inc. - Wall Street Journal. www.wsj.com.
  2. Web site: Yum! Brands Appoints DICK'S Sporting Goods President Lauren Hobart to Board. October 12, 2020. www.businesswire.com.
  3. Web site: Dick’s Sporting Goods picks President Lauren Hobart as CEO, sees sales surge as consumers buy fitness gear. Thomas. Lauren. 24 November 2020. CNBC. 13 April 2021.
  4. Web site: Dick's Sporting Goods elevates Lauren Hobart to CEO. 24 November 2020. Tascarella. Patty. BizWomen. 13 April 2021.
  5. News: McDonald . Samantha . 24 November 2020 . New Dick’s Sporting Goods Chief Is First Female CEO of a Major Sporting Goods Retailer . Footwear News . 9 May 2023.
  6. News: Dick's Sporting Goods appoints Lauren Hobart as new CEO . 9 February 2021 . Fashion Network . November 26, 2020.
  7. News: Wahba . Phil . 24 November 2020 . Next Dick’s Sporting Goods CEO will be the 41st woman chief in the Fortune 500 . Fortune . 8 May 2023.
  8. Web site: Ed Stack Retires With A Big Stack. Rogers. Oliver. 24 November 2020. The Daily Upside. 13 April 2021.
  9. News: Power Players: Lauren Hobart. 6 June 2022. Sport Business Journal.
  10. News: Lauren R. Hobart and Grant F. Reid, Marriott International . 15 March 2023. The Daily Record.