Weeks after the retailer shuttered its experiences business, REI on Wednesday announced that CEO Eric Artz will retire in March as part of a planned succession process. Mary Beth Laughton, a former REI board director and one-time Athleta CEO, will take on the role, per a press release emailed to Retail Dive.

REI’s President and Chief Executive Officer Eric Artz announced his retirement on Wednesday and named a Portlander as the company’s next chief executive.