Following Tuesday's announcement that Abercrombie & Fitch had separated its CEO and chairman roles -- taking the latter away from the company's controversial longtime leader Mike Jeffries and assigning it to new board member Arthur Martinez -- the teen retailer has brought on yet another high-level exec.
Well, technically he already worked there. Formerly Abercrombie's chief financial officer, Jonathan E. Ramsden has been promoted to the newly created position of chief operating officer, the company announced Thursday. He'll continue to also serve as CFO until a new one is appointed.
These recent moves are in addition to the hiring of individual brand presidents for each of Abercrombie & Fitch's brands (Abercrombie & Fitch, Abercrombie Kids, Hollister). According to a release, Ramsden will work closely with these presidents, as well as Mike Jeffries, who remains CEO of the company. Though it sounds like he suddenly has way fewer responsibilities than he used to before all of these management changes, which interestingly happened after Jeffries came under fire for both his elitist ramblings and his company's steep decline in value throughout 2013 as it struggled to hold on to its teen customers.