US retailer AEO announces planned leadership transition

“For over two decades, Rempell has been a valuable member of our executive team and I am grateful for his numerous contributions. He has been a strategic leader and instrumental in taking the company from $1 billion to over $5 billion in revenue, investing in technology and infrastructure that created AEO’s world class operations and made us an innovator in our space. Rempell’s accomplishments have been substantial, including the launch and expansion of our successful and profitable digital channel; building an efficient and fluid sourcing capability; transforming our supply chain to compete on both speed and cost; and most recently, strengthening our store operations. He has had an extraordinarily positive and lasting impact on our organisation and our people. As a result of Michael’s influence and leadership, we have a strong foundation in place which we will build upon for continued success,” Jay Schottenstein, AEO’s executive chairman of the board and chief executive officer, said.

“This decision did not come easily. AEO is a wonderful company and has been a home away from home, where colleagues have become lifelong friends. It has truly been an honour and privilege to work alongside such remarkable talent and I know that I’m leaving the company in very good hands. I want to thank Jay for his incredible leadership, vision and guidance over the years and our board of directors for their tremendous support. Anchored by strong operations and the best brands in retail, I am certain that AEO’s brightest days are still ahead,” Rempell explained.

Fibre2Fashion News Desk (RR)