Hibbett Sports appoints second interim CFO in five months
today Sep 26, 2019
Birmingham, Alabama-based sportswear retailer Hibbett Sports, Inc. announced on Wednesday that it has appointed Scott R. Humphrey as its new interim chief financial officer, making him the second executive to take on the role since April.
Humphrey succeeds Christine Skold and will oversee Hibbett’s financial operations until the end of the fiscal year ending February 1, 2020. He will also assist the company with the transition when a permanent replacement can be found.
Skold became interim CFO earlier this year following the departure of Scott Bowman. She has now fulfilled her contract term and accepted a permanent full-time position in Nashville.
Humphrey comes to Hibbett from Atlanta, Georgia-based mining company Ciner Resources, LP, where he most recently served as CFO. Prior to joining Ciner in 2013, he served in a series of senior treasury roles at Schweitzer-Mauduit International and Hyco International.
The executive holds a BS in finance from Boston College and an MBA in finance from Georgetown University’s McDonough School of Business.
“We feel very fortunate to have someone with Scott’s extensive strategic execution and investor relations history with a public company as well as his strong treasury and financial planning experience as we head into our planning and budgeting season,” commented Hibbett President and CEO Jeff Rosenthal in a release.
“We are pleased that he has contracted to serve in an interim capacity through our fiscal year end and through the transition of our next CFO,” added Rosenthall, who, as announced in March, is also due to step down from his current role once a replacement can be found.
Hibbett reported revenues of $252.4 million in the second quarter, up an impressive 19.6% from $211.1 million in the prior-year period. The company’s bottom line, however, was negatively impacted by increased charges related to its CEO transition process and its acquisition of the City Gear brand.
Hibbett posted a net loss of $8.8 million in Q2, compared to the loss of $1.2 million reported by the company in the prior-year period.
Humphrey’s appointment is effective September 29, 2019. Hibbett’s board of directors continues to search for a permanent CFO for the company.
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