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.

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 CEO Eric Artz is retiring at the end of March, the Issaquah-based co-op announced Wednesday.

Recreational Equipment Inc., the outdoor-gear retailer better known as REI, is getting a new trail guide. The struggling company announced on Wednesday that longtime CEO Eric Artz is retiring in late March and will be replaced by Mary Beth Laughton,