IBJNews

Finish Line co-founder retiring as chairman

Back to TopCommentsE-mailPrintBookmark and Share

Alan H. Cohen, co-founder and former CEO of The Finish Line Inc., announced Thursday that he plans to retire as chairman of the Indianapolis-based retail chain on July 22.

Glenn Lyon will succeed Cohen as chairman while retaining his position as CEO.

“It's been 34 years since I co-founded our first athletic specialty store, and I have had a wonderful experience building and growing this company," Cohen said in a prepared statement.

Cohen, 63, served as The Finish Line’s CEO from 1982 to 2008. He has been chairman since 1982.

Cohen practiced law from 1973-1981. During that time, he co-founded franchisee owner Athletic Enterprises Inc., a predecessor to The Finish Line. The Finish Line was started in 1981 and went public in 1992.

Lyon, 59, has 37 years of experience in the retail industry, including eight with The Finish Line. He’s the former CEO of Paul Harris Stores Inc.

The Finish Line is one of the nation’s largest mall-based specialty retailers with 667 stores in 47 states. The company earned $51 million on revenue of $1.17 billion in its latest fiscal year.

Finish Line shares were up 43 cents Thursday morning, to $15.92 each.

ADVERTISEMENT

  • A real man!
    Indianapolis hasn't exactly been a breeding ground for intelligent and powerful corporate executives over the last forty years. Most have been little girly men who can't keep their companies from being acquired by someone else thereby causing Indy to lose a headquarters. So congratulations Alan Cohen, in the Indianapolis corporate scene you are truly unique and a man to be admired.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT