The Finish Line Inc. announced Friday that Mark S. Landau, its chief business development officer, has resigned from the company.
The company did not provide a reason for his departure.
As part of his resignation agreement, Landau, 56, will receive a cash severance of $645,000, which the company will pay in two installments by Jan. 2, the Indianapolis-based retailer of athletic apparel said.
Landau had been executive vice president and chief business development officer since January 2012 and previously served as a Finish Line director from January 2010 to December 2011.
Landau earned a base salary of $400,000 in the company's last fiscal year with the potential to earn $693,000 in bonuses, according to a Finish Line filing. He will be paid a prorated portion of any bonuses to which he is entitled, under the company's fiscal 2015 executive officer bonus program and fiscal 2013 long-term incentive bonus program, the company said upon announcing his resignation.
Before joining the company, Landau was managing director and head of CRE Banking Americas for Deutsche Bank Securities Inc.
Finish Line shares opened Monday morning at $28.28, up 17 percent since Oct. 7.