ABERCROMBIE & FITCH CO. NAMES FRAN HOROWITZ CHIEF EXECUTIVE OFFICER AND JOANNE C. CREVOISERAT CHIEF OPERATING OFFICER
February 01 2017 - 4:30PM
New Albany, Ohio, February 1,
2017: Abercrombie & Fitch Co. (NYSE: ANF) today
announced that Fran Horowitz, President and Chief Merchandising
Officer, has been promoted to Chief Executive Officer of the
Company. Joanne Crevoiserat, Executive Vice President and
Chief Financial Officer, has been promoted to Chief Operating
Officer while continuing in her current roles. Arthur
Martinez will continue in the role of Executive Chairman.
These appointments are effective immediately. Ms. Horowitz
will also join the Company's Board of Directors.
"Fran's appointment to CEO reflects the leadership
she has shown in the turnaround of Hollister, our efforts to
provide a compelling, customer-focused shopping experience at both
of our brands and, while we have more work to do, the repositioning
of the Abercrombie & Fitch brand," said Mr. Martinez.
"She is a talented, creative and dedicated executive who has
energized our team around important cultural values, a
customer-centric mindset and a commitment to assuring our Company's
success. Fran's efforts have earned her the respect of the
Board and associates throughout our global operations. We are
confident that as CEO, she is the right person to lead the company
forward."
"Joanne's promotion to the role of COO reflects
the scope of her responsibilities and the important role she plays
in maintaining our operational discipline and financial strength in
a challenging retail environment," continued Mr.
Martinez.
"It is an honor to lead Abercrombie & Fitch's
efforts to strengthen our performance and reignite our growth,"
said Ms. Horowitz. "We have made solid progress in our efforts to
listen to and provide our customers with shopping experiences that
exceed their expectations. I am pleased to have Joanne, an
extremely talented executive, as my partner in leading a
best-in-class organization. I am excited to work with her and
the rest of the extraordinary team we have built to position
Abercrombie & Fitch for future success."
With Ms. Horowitz's appointment, the Office of the
Chairman, which has been leading the Company since December 2014,
has been dissolved.
Ms. Horowitz, 53, has served as President and
Chief Merchandising Officer of Abercrombie & Fitch Co. since
December 2015. She joined Abercrombie & Fitch as
Hollister Brand President in October 2014 from Ann Taylor Loft,
where she also held the role of Brand President. For nearly
eight years, she worked at Express, Inc., rising to the position of
Executive Vice President of Women's Merchandising and Design.
She joined Express, Inc. after 13 years in several merchandising
roles at Bloomingdales, prior to which she served in various
positions at Bergdorf Goodman, Bonwit Teller and Saks Fifth
Avenue. She is a graduate of Lafayette College and received
her MBA from Fordham University.
Ms. Crevoiserat, 53, has been Executive Vice
President and Chief Financial Officer of Abercrombie & Fitch
since May 2014 and a member of the Office of the Chairman since
October 2015. Prior to joining Abercrombie & Fitch, she
served in a number of senior management roles at Kohl's Inc.
including Executive Vice President of Finance and Executive Vice
President of Merchandise Planning and Allocation. Prior to
her time with Kohl's, Ms. Crevoiserat held senior finance positions
with Wal-Mart Stores and May Department Stores, including Chief
Financial Officer of the Filene's, Foley's and Famous-Barr brands.
She is a summa cum laude graduate of the University of
Connecticut where she received a Bachelor of Science degree in
Finance.
About Abercrombie & Fitch
Co.
Abercrombie & Fitch Co. (NYSE: ANF) is a
leading, global specialty retailer of apparel and accessories for
Men, Women and Kids through three renowned brands. The iconic
Abercrombie & Fitch brand embodies American casual
luxury. With an updated attitude that reflects the character,
charisma and confidence of today's 20+ consumer, Abercrombie &
Fitch remains true to its 125-year heritage of creating expertly
crafted products with an effortless, American style.
The Hollister brand epitomizes the liberating and carefree spirit
of the endless California summer for the teen market.
abercrombie kids creates smart, playful apparel for children ages
3-14, celebrating the wide-eyed wonder of childhood. The brands
share a commitment to offering products of enduring quality and
exceptional comfort that allow consumers around the world to
express their own individuality and style.
The Company operates over 900 stores under these
brands across North America, Europe, Asia and the Middle East, as
well as the e-commerce sites www.abercrombie.com and
www.hollisterco.com.
Investor Contact: |
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Media
Contact: |
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Brian
Logan |
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Michael Scheiner |
Abercrombie & Fitch |
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Abercrombie & Fitch |
(614)
283-6877 |
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(614)
283-6192 |
Investor_Relations@abercrombie.com |
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Public_Relations@abercrombie.com |
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Abercrombie & Fitch Co via Globenewswire
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