Abercrombie & Fitch has named Jonathan E. Ramsden, the company’s current Executive Vice President (EVP) and Chief Financial Officer (CFO), to the position of Chief Operating Officer (COO). Although the promotion is effective immediately, Ramsden also will act as CFO until a replacement is appointed.
The COO title was added to the Abercrombie & Fitch C-suite in order to improve the company’s strategic planning initiatives and promote further growth. In his new position, Ramsden will collaborate closely with CEO Michael Jeffries. Ramsden also will work with executives in newly formed Brand President positions, who will be hired to oversee the Abercrombie & Fitch, abercrombie kids and Hollister brands. These positions have not been filled.
Prior to joining Abercrombie & Fitch in 2008, Ramsden was the CFO of TBWA Worldwide, an international advertising agency. Since he joined the Abercrombie & Fitch team, “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,” Jeffries said. “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.”
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“I am excited to take on this new role,” added Ramsden. “We are committed to disciplined execution against our long-range strategic plan objectives, and I look forward to playing an expanded role in that process. I also 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.”
