PITTSBURGH — Dick’s Sporting Goods, the largest U.S.-based, omni-channel sporting goods retailer, announced Tuesday that Edward Stack, chairman and chief executive officer, will assume the role of executive chairman and continue as chief merchant Feb. 1.

Stack has served as chairman and CEO of Dick’s since he and his siblings bought his father’s two small sporting goods stores in upstate New York in 1984. Under his leadership, Dick’s has become the industry leader, with more than 850 stores and nearly $9 billion in annual revenue.

Stack has driven Dick’s omni-channel strategy and investments in logistics and technology, which in 2020 have helped the company’s eCommerce business approach $2 billion in revenue.

The company also announced today that its board of directors elected Lauren Hobart, the current president, as president and CEO, also effective Feb. 1.

Hobart brings more than 25 years of finance, consumer and retail experience and spent 14 years at PepsiCo in various leadership roles before she joined Dick’s as chief marketing officer in 2011. She was appointed president in 2017.

The company also reported fiscal third-quarter profit of $177.2 million.

The Coraopolis-based company said it had profit of $1.84 per share. Earnings came to $2.01 per share.

Dick’s shares have climbed 19% since the beginning of the year. The stock has risen 51% in the last 12 months.