Sportsman’s Warehouse names ex-Cabela’s exec Paul Stone as CEO

Sportsman’s Warehouse Holdings Inc.
SPWH,
-0.28%
said Tuesday it has appointed Paul Stone, former chief retail officer at Cabela’s Inc., as its chief executive, effective Nov. 1. Stone will replace Joseph P. Schneider, who will remain as independent chair until year-end, when he will retire and be replaced as chair by board director Rich McBee. Stone was most recently president and COO of Hertz Global Holdings Inc.
HTZ,
-2.74%.
He has also done stints at Sam’s Club, a unit of Walmart Inc. Sportsman’s Warehouse shares rose 2.6% premarket, but are down 63% in the year to date, while the S&P 500
SPX,
+0.40%
has gained 13%.