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Controversial Abercrombie CEO Mike Jeffries Leaving the Company

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People

New Albany, OH–Abercrombie & Fitch’s controversial CEO Michael Jeffries is retiring, effective immediately. In his place, the company’s board is creating an office of the chairman, led by non-executive chairman Arthur Martinez, who has been made executive chairman. Under Martinez in the office of the chairman will be COO Jonathan …

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A&F Shake Up: Chairman/CEO Position Split, New Directors Added

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New York—Abercrombie & Fifth, once the shinning star of teen retailing that has now fallen on tough times, reported a shake-up today in wake of complaints by major shareholders about the company’s executives. According to today’s announcement, Michael Jeffries, the longtime chairman/ceo, had his chairman’s position removed and Arthur Martinez, …