Eric Artz, the president and CEO of REI Co-op, will retire in March. He will be succeeded by Mary Beth Laughton, a former REI board director. The company confirmed Laughton will join REI as ...

Despite the announcement, the company saw financial growth in December, meaning REI was close to breaking even financially in 2024. REI lost $311 million in 2023.

Artz also named former REI board director Mary Beth Laughton to succeed him. Laughton will join REI as president on Feb. 3, before assuming full CEO responsibilities on March 31.

SEATTLE — Another 357 people will be laid off from REI as the company braces for revenue in 2024 to be down from 2023. Those losing their jobs include 200 people at headquarters, 121 in ...