Abercrombie & Fitch Shares Rise On CEO Retirement
On Tuesday, Abercrombie & FItch (NYSE: ANF) announced that Chief Executive Officer Mike Jeffries is retiring effective immediately; the company’s BOD is currently undergoing a search for the new CEO.
In addition, the company has appointed Arthur Martinez as Executive Chairman.
Following the announcement, shares of Abercrombie are up 6.8 percent Tuesday morning.
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