Abercrombie & Fitch's COO To Leave Company

By Markets MarketWatch Pulse

Abercrombie & Fitch Co. said Thursday its chief operating officer, Jonathan Ramsden, will leave the apparel retailer effective June 15, after more than two years in the role and more than seven years at the company. Ramsden's responsibilities will be assumed by several executives, including Executive Chairman Arthur Martinez, Chief Merchandising Officer Fran Horowitz and Chief Financial Officer Joanne Crevoiserat. "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," Ramsden said. The stock, which was unchanged in premarket trade, has lost 2.2% year to date, while the S&P 500 has gained 0.4%.

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