Urban Outfitters co-founder, chairman and president Richard Hayne is now also the company’s CEO following the resignation of Glen Senk on Monday (9 January).

Senk, who joined the US speciality retailer in 1994 as president of its Anthropologie brand, has been CEO since 2007. Urban Outfitters said he was leaving “to pursue another opportunity”, but would remain with the company to help manage the transition.

Hayne co-founded Urban Outfitters – owner of Anthropologie, Free People, BHLDN, Terrain and Urban Outfitters – in 1970 and has been chairman and president since the company was incorporated in 1976.

He said: “Glen joined the company nearly 18 years ago when the Anthropologie business was a single-store prototype.

“We are forever grateful for his passion, creativity and leadership in building the Anthropologie brand to what it is today. We are also thankful for his countless contributions having served as the URBN CEO since 2007.”