Hibbett Sports finds permanent CFO
Mar 31, 2020
Birmingham, Alabama-based sportswear retailer Hibbett Sports, Inc. announced on Monday that it is appointing Robert J. Volke as its first permanent CFO since Scott Bowman resigned from the role in April of last year.
Volke will initially join Hibbett as senior vice president of accounting and finance on April 13, 2020, before transitioning to his new role as chief financial officer immediately after the company files its annual report for the fiscal year ended February 1, 2020.
He succeeds Scott R. Humphrey, who became Hibbett’s interim CFO in September 2019 and will remain in his current role until Hibbett files its annual report. The executive will stay with the company for an unspecified period of time after he steps down in order to ensure a smooth transition.
Humphrey, in turn, replaced Christine Skold, who stepped in as interim CFO following Bowman’s departure.
Volke joins Hibbett from regional retailer Fleet Farm, LLC, where he most recently served as interim CFO, having previously held the role of VP for accounting and corporate controller.
Prior to joining Fleet Farm in August 2018, the executive worked at Tractor Supply Company for more than 10 years, serving in roles including VP and controller, VP for accounting and reporting, and director of general accounting and financial reporting.
Volke’s previous experience also includes stints spent at Reader’s Digest Association, EFunds and Snap-On Tools. The executive holds a BS in accounting from Indiana University.
“We are pleased to welcome Bob to our team at Hibbett Sports,” commented Hibbett president and CEO Mike Longo in a release. “His years of experience in retail accounting and finance with successful, growing companies will be a great contribution to an already strong team. In addition, he has driven operational efficiency enhancements in all areas he has overseen and has worked as a strong business partner with merchandising and operations.”
Earlier this month, Hibbett reported annual net income of $27.3 million on revenues of $1.2 billion for the fiscal year ended February 1, 2020. Due to the uncertainty resulting from the ongoing Covid-19 pandemic, the company has not yet provided financial guidance for the current fiscal year.
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