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Cabela's founders hand off board chairman job

SIDNEY, Neb. (AP) -- Cabela's says Dick Cabela plans to step down as chairman and hand off the job to his younger brother and co-founder, Jim Cabela.

The Sidney, Neb., based outdoor outfitter announced the transition on Monday.

Dick Cabela will become chairman emeritus of the company that started on his kitchen table in 1961 at the shareholders' meeting in June.

Jim Cabela, who is currently the company's vice chairman, has helped oversee Cabela's grow into a well-known outdoor brand that sells gear through catalogs, its website and retail stores.

Cabela's CEO Tommy Millner says the company will continue to honor the Cabela family's focus on customer service and passion for the outdoors.