Abercrombie & Fitch names Jonathan Ramsden chief operating officer

By

Lauren Walker

Published
Jan 31, 2014

More upper-level management shake-ups at the struggling teen retailer. Following news earlier this week that CEO Mike Jeffries had been revoked of his title of chairman at the company, Abercrombie & Fitch has today announced the appointment of Jonathan Ramsden as chief operating officer. Ramsden, previously CFO and executive vice president at the company, will take on this newly-created position effective immediately.

Prior to joining the Abercrombie & Fitch in 2008, Jonathan Ramsden was chief financial officer at TBWA Worldwide, a global advertising and marketing company.

Commenting on the appointment, Mike Jeffries said, "Jonathan's responsibilities have progressively expanded well beyond the CFO role, and this new position will enable Jonathan to work closely with me in managing the overall execution of our long-range strategic plans. Along with the new brand president positions, the creation of the new COO role will ensure we are organized for renewed growth and success going forward."

Mr. Ramsden said, "I look forward to working closely with Mike to on-board the new brand presidents and to fulfill the potential of our iconic brands and maximize shareholder value."

Earlier this month the retailer - which posted its seventh straight quarterly loss in November - lifted its full-year 2013 earnings forecast.