US: American Eagle CEO Hanson steps down
American Eagle has not given a reason for Hanson's departure
Teen apparel retailer American Eagle Outfitters has said its chief executive, Robert Hanson, has left the company after less than two years in the role.
Executive chairman Jay Schottenstein, previously chief executive from 1992 to 2002, has been appointed interim CEO. The company, which has not given a reason for Hanson's departure, said it will start looking for a permanent replacement.
Roger Markfield has agreed to postpone his retirement and will continue in his current role as vice chairman and executive creative director, the firm said.
"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 capitalise on the significant potential of our brands and to position the company for growth and long-term success," said Schottenstein.
American Eagle said it continues to expect to report fourth quarter 2013 EPS in line with its previous outlook.
The company is expecting earnings of $0.26 per share, on the bottom end of previous guidance of $0.26 to $0.30 per share.
The departure of Hanson follows a run of poor results for the firm. Last month, the company described its third-quarter financial performance as "unsatisfactory" after recording a slump in earnings.
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American Eagle Outfitters, Inc. - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and ...
This company profile, SWOT and financial report contains in depth information and data about American Eagle Outfitters and its operations. The profile contains a company overview, key facts, major pro...
Introduction American Eagle Outfitters has long been seen as the go-to for young adults seeking affordable fashion in the US. However, as the overall apparel retail market has struggled, so too have ...
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