PITTSBURGH–(BUSINESS WIRE)–American Eagle Outfitters (NYSE: AEO) today announced that Peter Z.
Horvath has been appointed Chief Global Commercial and Administrative
Officer, reporting to Chief Executive Officer, Jay Schottenstein,
effective May 9, 2016.
In this role, Peter will be responsible for Global Store Operations,
Real Estate, Human Resources, Merchandise Planning and Allocation, Legal
and Corporate Strategy. Peter joins AEO with extensive retail
experience, spanning 30 years, during which he rose to EVP, Chief
Operating Officer for Victoria’s Secret Stores. Prior to that, he was
President of footwear retailer DSW, Inc., and was instrumental in the
company’s 2005 initial public offering. Throughout his career, Peter has
led a broad range of corporate functions and retail operations, with a
strong track record of driving growth and profitability for
multi-billion dollar retail brands.
“I worked closely with Peter at DSW, and I’m thrilled he is joining AEO
in this important leadership role,” said Jay Schottenstein. “He is an
effective and strategic retail executive, with strong consumer and brand
experience. He will help us identify new operational efficiencies and
drive profitable growth. I’m confident that Peter will be a valuable
addition to our executive team, as we continue to deliver strong
business results and propel AEO to even greater heights.”
“I’m eager to work with some of the best talent in the business and
build on the strength of AEO’s brands,” said Peter Horvath. “These are
exciting times for the company and I look forward to contributing to our
About Peter Z. Horvath:
Peter Z. Horvath served as CEO and Chairman of Mission Essential
Personnel, LLC, a provider of intelligence and insight to the U.S.
Departments of Defense, State, Homeland Security and the Intelligence
Community, from January 2012 to June 2015. Prior to this, he served as
EVP and Chief Operating Officer of Victoria’s Secret Stores, Limited
Brands from July 2008 to December 2010. From January 2005 to June 2008,
Peter was President of DSW, Inc. From 1985 to 2004, he held a variety of
positions at Limited Brands, including CFO, Apparel Merchandising from
1997 to 2004 and SVP, Merchandise Planning and Allocation from 2002 to
2004. Early in his career, Peter worked at Bristol Myers, Inc. and W.R.
Grace and Co. Retail Group.
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 146 international stores operated by licensees in 22
countries. For more information, please visit www.ae.com.
“Safe Harbor” Statement under the Private Securities Litigation Reform
Act of 1995: This release contains forward-looking statements, which
represent our expectations or beliefs concerning future events,
including strong business results. All forward-looking statements made
by the company involve material risks and uncertainties and are subject
to change based on factors beyond the company’s control. Such factors
include, but are not limited to the risk that the company’s operating,
financial and capital plans may not be achieved and the risks described
in the Risk Factor Section of the company’s Form 10-K and Form 10-Q
filed with the Securities and Exchange Commission. Accordingly, the
company’s future performance and financial results may differ materially
from those expressed or implied in any such forward-looking statements.
The company does not undertake to publicly update or revise its
forward-looking statements even if future changes make it clear that
projected results expressed or implied will not be realized.
American Eagle Outfitters, Inc.
Kristen Zaccagnini, 412-432-3300