| CEO Name | Eric Artz |
| Nationality | United States |
| Net Worth Estimation | $5 million |
Eric Artz's estimated net worth of around $5 million stems from his role as CEO of REI, Inc., where he receives substantial executive compensation, including salary, bonuses, and retirement benefits. As a co-op, REI does not issue public stock, so his net worth is primarily based on cumulative earnings and private investments rather than company equity.
Eric Artz, CEO of REI, has an estimated net worth of $5,000,000, falling within the recreation industry CEO range of $1,000,000 to $8,000,000,000. His net worth represents approximately 0.0625% of the maximum estimated net worth for recreation CEOs.
Business Category: Recreation
Minimum Net Worth (estimation): 1000000 USD
Maximum Net Worth (estimation): 8000000000 USD
Eric Artz Performance in REI (Recreational Equipment, Inc.)
Eric Artz, CEO of Recreational Equipment, Inc. (REI), demonstrates strategic leadership focused on sustainability and inclusive growth. His decision-making emphasizes customer-centric innovation, enhanced employee engagement, and expansion of REI's outdoor product lines. Under Artz's leadership, REI has strengthened its market position, increased revenue, and reinforced its commitment to environmental responsibility.
Latest News
REI's CEO Transition and Store Closures Amid Retail Challenges
REI announced the retirement of CEO Eric Artz in March 2025, succeeded by Mary Beth Laughton, a retail veteran tasked with leading the company through a strategic turnaround amid financial struggles and a shifting retail landscape. Meanwhile, REI plans to close three Northeast stores in 2026, including its flagship SoHo location, to adapt to changing markets and customer needs while continuing to open new locations elsewhere.
Source: http://www.cheapism.com/rei-closing-locations/