American Eagle Outfitters, Inc. announced that Jay L. Schottenstein, Executive Chairman of the Board, has been appointed as the Company’s Interim Chief Executive Officer, effective immediately, succeeding Robert Hanson, who is leaving the Company.
The Board will initiate a search for a permanent Chief Executive Officer. Roger S. Markfield has agreed to postpone his retirement and will continue in his current role as Vice Chairman and Executive Creative Director.
The Company also said that it continues to expect to report fourth quarter 2013 EPS in line with the outlook provided on January 9, 2014.
Jay Schottenstein commented, “On behalf of the Board of Directors, I want to thank Robert for his contributions during his tenure and wish him well in his future endeavors. I look forward to working closely with Roger and our talented team to capitalize on the significant potential of our brands and to position the Company for growth and long-term success.”
Jay Schottenstein has served as Executive Chairman since the beginning of fiscal 2012 and as Chairman of the Company since March 1992, and previously held the role of Chief Executive Officer from March 1992 until December 2002.
Roger Markfield joined the Company in 1993 and has provided the creative vision for American Eagle Outfitters since that time. He oversaw the evolution to a leading lifestyle apparel brand through its most profitable years. In addition, Mr. Markfield has served as a Director since 1999.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. is a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products at affordable prices under its American Eagle Outfitters and Aerie brands.
The company operates more than 1,000 stores in the United States, Canada, Mexico, China, and Hong Kong, and ships to 81 countries worldwide through its websites. American Eagle Outfitters and Aerie merchandise also is available at 66 licensed international franchise stores in 12 countries.