REI leader resigns over undisclosed relationship

SEATTLE (AP) — Outdoor retailer Recreational Equipment, Inc (REI) said its President and CEO has resigned for failing to disclose a relationship with the head of another organisation in the outdoor industry.

REI officials at their Kent, Washington, headquarters said on Tuesday that Jerry Stritzke will leave on March 15.

The company said Stritzke resigned after an outside investigation into “a personal and consensual relationship.”

Officials also said the working relationship between REI and the partner organisation, which has not been identified, found there was no financial misconduct.

REI board Chair Steve Hooper said that since Stritzke became CEO in 2013 he and a strong team have consistently delivered outstanding results.

Stritzke said in a letter to employees that he was sorry he didn’t disclose the relationship. REI’s Chief Operating Officer Eric Artz will become interim CEO.

Recreational Equipment, Inc Jerry Stritzke, centre, speaks to those attending the Preview Party of the new REI Co-Op in Dillion, Colorado. – AP