Scheels CEO Steve M. Scheel to retire in 2024
Scheel's tenure with the company saw the sporting goods retailer expand beyond North Dakota into 13 different states.
FARGO — Sporting goods retailer Scheels announced Monday, Aug. 15, that company CEO Steve M. Scheel is set to retire and step down from his post in January 2024.
Scheel's departure from the role will conclude a 35-year tenure with the company. That tenure, according to a news release, began in 1989 as a part-time employee stocking shoes. Other titles Scheel has carried over the years have included assistant store leader and store leader. He moved to the corporate suite in 2006, first becoming president, then CEO.
A successor for Scheel has been chosen, however the company did not publicly announce who would step into the post. According to the news release, Scheel has not determined whether or not he will continue with the company after his retirement. His father, Steve D. Scheel, remains chairman of the board for Scheels.
Steve M. Scheel is the great-great-grandson of Scheels founder Frederick A. Scheel, the news release stated. During his time as CEO, Scheel witnessed the brand's expansion from beyond North Dakota. Currently, the company has 30 stores in 13 states, with plans to expand into Arizona and Idaho.
In 2020, Steve D. Scheel was honored as the recipient of the Fargo Moorhead West Fargo Chamber of Commerce's annual Legacy Leader award.
Scheels declined to comment further on Scheel's retirement.