Recreational Equipment, Inc., aka REI, has announced Mary Beth as the company's new CEO. The previous CEO, Eric Artz, is reported to leave the position as he retires in March.

REI this week named Portland’s Mary Beth Laughton the co-op’s next CEO, making her the latest Nike executive to get the top job at another company. Laughton will succeed Eric Artz, who is retiring.

The CEO and president of REI, Eric Artz, announced he is retiring. The Issaquah-based co-op stated Artz will leave the position at the end of March.