American Eagle Outfitters, Inc. (Nasdaq:AEOS) today named Jim O'Donnell Chief Executive Officer, and Roger Markfield Vice-Chairman/President of the American Eagle Division. Previously, Messrs. O'Donnell and Markfield served as Co-CEOs, positions they held since December, 2001.
As Vice Chairman/President of the AE Brand, Mr. Markfield will be responsible for merchandising, design, production, and marketing. Executive Vice President, Susan Miller, is appointed Chief Merchandising Officer of the AE Brand. Susan will lead the day-to-day merchandising efforts, and report to Mr. Markfield.
Jay Schottenstein, Chairman of American Eagle Outfitters, Inc., commented on the announcement, ''We are strengthening our organization and redirecting our best talent to the appropriate business functions, as we strive to turn around the American Eagle business. I'm pleased to have Roger sharply focused on setting the strategic direction of the merchandising and marketing initiatives of the American Eagle brand, where his talent and accomplishments are proven. Jim O'Donnell has demonstrated strong leadership and solid operating disciplines. I am confident that, as CEO, Jim will effectively lead a strategic turnaround and position American Eagle for sustained future growth.''
