ABERCROMBIE & FITCH COO JONATHAN RAMSDEN TO EXIT COMPANY

Abercrombie & Fitch Co. has announced that Jonathan Ramsden will step down as chief operating officer and resign from the company, effective June 15. At that time, Ramsden’s responsibilities will be assumed by other members of the office of the chairman which include Arthur Martinez, executive chairman; Fran Horowitz, president and chief merchandising officer; Joanne Crevoiserat, EVP and chief financial officer; and John Gabrielli, SVP of Human Resources.

Ramsden joined Abercrombie & Fitch as executive vice president and chief financial officer in December 2008 and has been the company’s chief operating officer since January 2014. He was the most tenured of the company’s new executive suite formed in the wake of long-time CEO Michael Jeffries’ resignation in late 2014.

“The Board and I are grateful for Jonathan’s contributions to Abercrombie & Fitch over the past seven years, which have helped position the Company for future profitable growth,” said Martinez. “We wish him all the best as he prepares to move into a new chapter in his life and career.”

“I have a strong attachment to Abercrombie & Fitch and to the fantastic group of people I work with every day,” said Ramsden. “The decision to leave was a very difficult one, but I know that the company is in the hands of an outstanding leadership team and that we have built a strong foundation for growth and success. I look forward to working with my colleagues over the next several weeks to ensure a smooth transition.”