Alan H. Cohen will retire on Dec. 1, after 32 years at the company. He'll remain as the chairman of the board.
Glenn S. Lyon, Finish Line's president, will assume the role of CEO.
"I am proud of what we have accomplished and am equally confident in The Finish Line's future," Lyon, 58, said in a statement.
Cohen, 61, served as chairman of the board, president and CEO from May 1982 until October 2003. In October 2003, Cohen stepped down from the presidency but remained as CEO.
The company, founded in 1976, has 700 Finish Line stores in 47 states and 94 Man Alive stores in 19 states. It has about 13,000 employees.