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Jay L. Schottenstein named American Eagle Outfitters CEO
04
Dec '15
Global specialty retailer American Eagle Outfitters, Inc's Board of Directors has appointed Jay L. Schottenstein Chief Executive Officer, effective immediately, the company said in a press release. Schottenstein will continue in his role as Executive Chairman of the Board. He has served as interim CEO since January of 2014.

“Jay has orchestrated a swift recovery since taking the helm, successfully guiding the company through a challenging and highly competitive retail environment,” commented Michael Jesselson, Lead Independent Director for AEO's Board of Directors. “He has exceptional instincts for our brands, a strong strategic vision and proven ability to lead the company to profitable growth. On behalf of the entire Board, we are pleased to have Jay's commitment and the leadership continuity that this appointment brings.”

“Nearly two years ago, we set priorities to strengthen the merchandise, reinvigorate our brands and deliver profit improvement,” Schottenstein said. “As a result, we have achieved several quarters of sales and earnings growth in a tough retail landscape. This success is a true testament to the strength of our leadership team, dedication and talent of our associates and the power of our brands. I am convinced we have the best opportunity in retail today, and we will stay focused on driving profitable growth across our brands, channels and geographies.”

Prior to Schottenstein's role as interim CEO, he served as Chairman of the company since March 1992, and previously held the role of CEO from March 1992 until December 2002. (SH)

Fibre2Fashion News Desk - India

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