Boston-based specialty chain City Sports tapped a veteran retail exec to be its next CEO. The company said Marty Hanaka would fill the spot vacated by Edward Albertian, who resigned in June after three years on the job.
Hanaka has years of retail experience. He previously served as chairman and CEO of Golfsmith International Holdings Inc. and Sports Authority. Hanaka also served as interim CEO of Guitar Center Inc.
The executive is no stranger to the specialty retailer. Since 2008, Hanaka has served on the board of City Sports and for the last years has been an operating partner at the Highland Consumer Fund, which acquired the specialty chain in 2008.
“Sports and the retail industry have been part of my DNA ever since I can remember,” Hanaka said in a statement. “I am excited to lead City Sports and refocus our efforts on investing in our core business, our people and our operations. We have a strong team in place and will continue to differentiate ourselves as athletes who serve athletes.”
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“Marty is an extremely accomplished CEO with unparalleled experience in creating industry-leading operations,” said Tom Stemberg, managing general partner of Highland Consumer Fund, in a statement. “His knowledge in retail, specifically in the sports lifestyle industry, is as impressive as his vision for present day consumers and the ever-evolving retail landscape.”
