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Sports Authority CEO Retiring

Sports Authority announced Wednesday that Doug Morton, 59, will be retiring as chief executive. Morton, who has been with the sporting-goods retailer for 22 years, will remain as chairman.

The Englewood-based company will be operated by an interim executive operating committee until a replacement is named. Morton joined Sports Authority in 1986 and was named CEO in 1995. During his tenure, the company acquired multiple sporting-goods retailers and created the nation’s first national full-line sporting-goods chain.

“When I began my career with Sports Authority, we were a small chain of stores and no one could have imagined the transformation of our company into a multibillion-dollar retailer with a national footprint. As chairman, I will continue to champion our brand and our people,” Morton said.