PITTSBURGH–(BUSINESS WIRE)–American Eagle Outfitters, Inc. (NYSE:AEO) today announced its Board of
Directors has appointed Jay L. Schottenstein Chief Executive Officer,
effective immediately. Jay will continue in his role as Executive
Chairman of the Board. He has served as interim Chief Executive Officer
since January of 2014.
“Jay has orchestrated a swift recovery since taking the helm,
successfully guiding the company through a challenging and highly
competitive retail environment,” commented Michael Jesselson, Lead
Independent Director for AEO’s Board of Directors. “He has exceptional
instincts for our brands, a strong strategic vision and proven ability
to lead the company to profitable growth. On behalf of the entire Board,
we are pleased to have Jay’s commitment and the leadership continuity
that this appointment brings.”
“Nearly two years ago, we set priorities to strengthen the merchandise,
reinvigorate our brands and deliver profit improvement,” commented Jay
Schottenstein. “As a result, we have achieved several quarters of sales
and earnings growth in a tough retail landscape. This success is a true
testament to the strength of our leadership team, dedication and talent
of our associates and the power of our brands. I am convinced we have
the best opportunity in retail today, and we will stay focused on
driving profitable growth across our brands, channels and geographies.”
Prior to Jay’s role as interim CEO, he served as Chairman of the Company
since March 1992, and previously held the role of Chief Executive
Officer from March 1992 until December 2002.
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
Outfitters® and Aerie® brands. The company
operates more than 1,000 stores in the United States, Canada, Mexico,
China, Hong Kong and the United Kingdom, and ships to 81 countries
worldwide through its websites. American Eagle Outfitters and Aerie
merchandise also is available at 140 international stores operated by
licensees in 22 countries. For more information, please visit www.ae.com.
American Eagle Outfitters Inc.
Kristen Zaccagnini, 412-432-3300