AEO Inc. Announces a Planned Leadership Transition
03 Agosto 2023 - 2:31PM
Business Wire
American Eagle Outfitters, Inc. (NYSE: AEO) today announced that
Michael Rempell, Chief Operations Officer, has made the decision to
leave the company in early fiscal 2024. After over 23 years with
AEO, Michael has decided to pursue personal interests and spend
more time with his family. The company has commenced a search for a
successor and Michael will stay on to ensure a smooth and
successful transition.
Jay Schottenstein, AEO’s Executive Chairman of the Board and
Chief Executive Officer commented, “For over two decades, Michael
has been a valuable member of our executive team and I am grateful
for his numerous contributions. He has been a strategic leader and
instrumental in taking the company from $1 billion to over $5
billion in revenue, investing in technology and infrastructure that
created AEO’s world class operations and made us an innovator in
our space. Michael’s accomplishments have been substantial,
including the launch and expansion of our successful and profitable
digital channel; building an efficient and fluid sourcing
capability; transforming our supply chain to compete on both speed
and cost; and most recently, strengthening our store operations. He
has had an extraordinarily positive and lasting impact on our
organization and our people. As a result of Michael’s influence and
leadership, we have a strong foundation in place which we will
build upon for continued success.”
Michael Rempell commented, “This decision did not come easily.
AEO is a wonderful company and has been a home away from home,
where colleagues have become lifelong friends. It has truly been an
honor and privilege to work alongside such remarkable talent and I
know that I’m leaving the company in very good hands. I want to
thank Jay for his incredible leadership, vision and guidance over
the years and our board of directors for their tremendous support.
Anchored by strong operations and the best brands in retail, I am
certain that AEO’s brightest days are still ahead.”
In a separate release today, the company provided an update on
second quarter results.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global
specialty retailer offering high-quality, on-trend clothing,
accessories and personal care products at affordable prices under
its American Eagle® and Aerie® brands. Our purpose is to show the
world that there’s REAL power in the optimism of youth. The company
operates stores in the United States, Canada, Mexico, Hong Kong and
Japan, and ships to approximately 80 countries worldwide through
its websites. American Eagle and Aerie merchandise also is
available at more than 260 international locations operated by
licensees in approximately 30 countries. In 2022, AEO released its
first annual Building a Better World report, which outlines two
decades of ESG achievements through the company’s Planet, People
and Practices initiatives. For more information, please visit
www.aeo-inc.com.
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