Abercrombie & Fitch axes a c-suite position
Abercrombie & Fitch is shaking up its management structure.
The apparel retailer said it has decided to eliminate the role of COO as part of its ongoing “transforming while growing” phase. The change is effective immediately. Joanne C. Crevoiserat, who joined Abercrombie as CFO in 2014 and was appointed COO in 2017, will leave the company following a short transition period.
Under the newly streamlined organization, the chain’s CFO, chief information officer, head of global supply chain, and head of the transformation management office will now report to the CEO.
"Based off our company-wide transformation initiatives, and the continuing focus on driving additional agility and efficiency throughout the business, we have decided to eliminate the COO role," said Fran Horowitz, CEO, Abercrombie & Fitch. “Joanne has been a key partner in our transformation journey over these past five years, helping stabilize the business and embed transformation across the organization. I am grateful for her many contributions across the company, which will have a lasting, positive impact, and we wish her every success in the next chapter of her career.”
The apparel retailer said it has decided to eliminate the role of COO as part of its ongoing “transforming while growing” phase. The change is effective immediately. Joanne C. Crevoiserat, who joined Abercrombie as CFO in 2014 and was appointed COO in 2017, will leave the company following a short transition period.
Under the newly streamlined organization, the chain’s CFO, chief information officer, head of global supply chain, and head of the transformation management office will now report to the CEO.
"Based off our company-wide transformation initiatives, and the continuing focus on driving additional agility and efficiency throughout the business, we have decided to eliminate the COO role," said Fran Horowitz, CEO, Abercrombie & Fitch. “Joanne has been a key partner in our transformation journey over these past five years, helping stabilize the business and embed transformation across the organization. I am grateful for her many contributions across the company, which will have a lasting, positive impact, and we wish her every success in the next chapter of her career.”