In letter to employees, company says CEO failed to disclose “personal and consensual relationship” with another outdoor industry figure.
REI CEO Jerry Stritzke has resigned after an external investigation found that he failed to disclose a personal relationship with another prominent figure in the outdoor industry, the company said on Tuesday.
In a letter to employees, REI said that the “personal and consensual relationship” ran afoul of the company’s conflict of interest policy. The company has not disclosed who the other individual involved in the relationship is.
“I love REI and I believe fiercely that the work that the co-op has done for 80 years has had an unmatched positive impact on the outdoors. I feel incredibly fortunate to have led this organization. REI is full of amazing people and I am grateful for the role the co-op has played in my life, even in the toughest times,” said Stritzke. “I regret few things in life but I am sorry that I did not disclose the relationship, and it’s time for the co-op to have a new leader.”