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Abercrombie & Fitch Shares Rise On CEO Retirement

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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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Posted-In: Arthur Martinez Michael Jeffries Mike JeffriesNews Management Movers