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Abercrombie & Fitch will eliminate role of COO

18
May '19
Pic: Abercrombie & Fitch
Pic: Abercrombie & Fitch
Abercrombie & Fitch has decided to eliminate the role of chief operating officer (COO) as part of its ongoing ‘transforming while growing’ phase. In the newly streamlined organisation, the company’s chief financial officer, chief information officer, head of global supply chain, and head of the transformation management office will now report to the CEO.

The changes are effective immediately, and the company’s COO, Joanne C Crevoiserat, will leave the company following a short transition period, said Abercrombie & Fitch in a media statement.

“Based on the progress of our company-wide transformation initiatives, and the continuing focus on driving additional agility and efficiency throughout the business, we have decided to eliminate the COO role. Crevoiserat has been a key partner in our transformation journey over these past five years, helping stabilise the business and embed transformation across the organisation. I am grateful for her many contributions across the company, which will have a lasting, positive impact, and we wish her every success in the next chapter of her career,” said Fran Horowitz, chief executive officer, Abercrombie & Fitch Co.

Abercrombie & Fitch Co is a leading global specialty retailer of apparel and accessories for men, women and kids through three renowned brands. For more than 125 years, the iconic Abercrombie & Fitch brand has outfitted innovators, explorers and entrepreneurs. Today, the brand reflects the updated attitude of modern consumer, while remaining true to its heritage of creating expertly crafted products with an effortless, American style. (PC)

Fibre2Fashion News Desk – India


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