Abercrombie & Fitch Names Jonathan E. Ramsden Executive Vice President and Chief Financial Officer
November 07 2008 - 9:50AM
PR Newswire (US)
NEW ALBANY, Ohio, Nov. 7 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch Co. (NYSE:ANF) today announced that Jonathan E. Ramsden
has been named Executive Vice President and Chief Financial
Officer, effective upon his joining Abercrombie & Fitch in
early to mid-December 2008. For the past 10 years, Mr. Ramsden has
served as the chief financial officer and a member of the executive
team of TBWA Worldwide, a large advertising agency network with
more than 11,000 employees worldwide and a division of Omnicom
Group Inc. (NYSE:OMC). Prior to becoming the chief financial
officer of TBWA Worldwide, Mr. Ramsden served as controller and
principal accounting officer of Omnicom Group for more than two
years. "Jonathan came to us by way of a nationwide executive search
for a new chief financial officer. We were extremely impressed by
several of the candidates, but Jonathan clearly stood out above the
rest," said Mike Jeffries, chief executive officer and chairman of
the board of Abercrombie & Fitch. "I believe his long-time
experience in the highly charged, creative atmosphere of TBWA
Worldwide and Omnicom Group will serve him well at Abercrombie
& Fitch, and I look forward to working with Jonathan as we
continue to position our strong brands for the long term and steer
Abercrombie & Fitch through the presently very challenging
retail environment." About Abercrombie & Fitch The Company
operated 353 Abercrombie & Fitch stores, 209 abercrombie
stores, 495 Hollister Co. stores, 27 RUEHL stores and 13 Gilly
Hicks stores in the United States at the end of fiscal October. The
Company operates three Abercrombie & Fitch stores, one
abercrombie store, three Hollister Co. stores in Canada, and one
Abercrombie & Fitch store and one Hollister Co. store in
London, England. The Company operates e-commerce websites at
http://www.abercrombie.com/, http://www.abercrombiekids.com/, and
http://www.hollisterco.com/ and http://www.ruehl.com/ . Safe Harbor
Statement under the Private Securities Litigation Reform Act of
1995 A&F cautions that any forward-looking statements (as such
term is defined in the Private Securities Litigation Reform Act of
1995) contained in this Press Release or made by management of
A&F involve risks and uncertainties and are subject to change
based on various important factors, many of which may be beyond the
Company's control. Words such as "estimate," "project," "plan,"
"believe," "expect," "anticipate," "intend," and similar
expressions may identify forward-looking statements. The following
factors, in addition to those included in the disclosure under the
heading "FORWARD-LOOKING STATEMENTS AND RISK FACTORS" in "ITEM 1A.
RISK FACTORS" of A&F's Annual Report on Form 10-K for the
fiscal year ended February 2, 2008, in some cases have affected and
in the future could affect the Company's financial performance and
could cause actual results for the 2008 fiscal year and beyond to
differ materially from those expressed or implied in any of the
forward-looking statements included in this Press Release or
otherwise made by management: changes in consumer spending patterns
and consumer preferences; the effects of political and economic
events and conditions domestically and in foreign jurisdictions in
which the Company operates, including, but not limited to, acts of
terrorism or war; the impact of competition and pricing; changes in
weather patterns; postal rate increases and changes; paper and
printing costs; market price of key raw materials; ability to
source product from its global supplier base; political stability;
currency and exchange risks and changes in existing or potential
duties, tariffs or quotas; availability of suitable store locations
at appropriate terms; ability to develop new merchandise; ability
to hire, train and retain associates; and the outcome of pending
litigation. Future economic and industry trends that could
potentially impact revenue and profitability are difficult to
predict. Therefore, there can be no assurance that the
forward-looking statements included in this Press Release will
prove to be accurate. In light of the significant uncertainties in
the forward-looking statements included herein, the inclusion of
such information should not be regarded as a representation by the
Company, or any other person, that the objectives of the Company
will be achieved. The forward-looking statements herein are based
on information presently available to the management of the
Company. Except as may be required by applicable law, the Company
assumes no obligation to publicly update or revise its
forward-looking statements even if experience or future changes
make it clear that any projected results expressed or implied
therein will not be realized. DATASOURCE: Abercrombie & Fitch
CONTACT: Eric Cerny, Manager, Investor Relations, Abercrombie &
Fitch, +1-614-283-6385 Web site: http://www.abercrombie.com/
http://www.abercrombiekids.com/ http://www.hollisterco.com/
http://www.ruehl.com/
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