Safe Harbor Statement Under the Private SecuritiesLitigation Reform Act of 1995 A&F cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this Press Release or made by management or spokespeople of A&F involve risks and uncertainties and are subject to change based on various important factors, many of which may be beyond the companys control. Mr. Travis joined the Board as an independent director in February 2019. Press release content from Globe Newswire. Terry Burman to step down as Board Chairperson and retire at the end of his current term; Nigel Travis, current independent Director and Chair of Nominating and Board Governance Committee, to become new Board Chairperson. Investing Newsletter. NEW ALBANY, Ohio, Jan. 23, 2019 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced the election of two new independent . Except as may be required by applicable law, we assume no obligation to publicly update or revise any forward-looking statements, including any financial targets or estimates, whether as a result of new information, future events, or otherwise. Abercrombie & Fitch Co. engages in the retail of apparel, personal care products, and accessories. A longtime leader at Dunkin Brands Group, Inc., including through its IPO in 2011, he served as Chief Executive Officer (January 2009 to July 2018) and Executive Chairman of the Board (May 2013 to December 2018) until transitioning to Non-Executive Chairman (January 2019 to December 2020). --Abercrombie& Fitch Co., a leading, global omni-channel specialty retailer of apparel and accessories, today announced a change in its Board of Directors. Nigel Travis, current Director and Chair of the Nominating and Board Governance Committee of the Board, will assume the role of Chairperson effective January 28, 2023. Gilly Hicks, offering underwear, loungewear and activewear, is designed to give all Gen Z customers their daily dose of happy. Source: Abercrombie & Fitch Management Co. Abercrombie & Fitch Co. Elects Two Members to its Board of Directors. By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically. This Press Release and related statements by management or spokespeople of Abercrombie & Fitch Co. may contain forward looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Mr. Travis also currently serves as on the board of directors of Advance Auto Parts, Inc. (August 2018 to present). Helen McCluskey, former President and Chief Executive
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. OneRepublic, Gryffin, Surfaces and renforshort Headline 20th Annual A&F Challenge Benefitting Abercrombie & Fitch Co.'s Impact Partners Tickets now . After five years in the position and in connection with his plans to retire as a Director, Terry Burman will step down as Chairperson of the Board at the conclusion of the companys fiscal year ending on January 28, 2023, and will not stand for re-election at the Companys 2023 Annual Meeting of Stockholders. Mr. Travis also currently serves as on the board of directors of Advance Auto Parts, Inc. (August 2018 to present). The inclusion of such information should not be regarded as a representation by the company, or any other person, that the objectives of the company will be achieved. Financial Market Data powered by QuoteMedia. Social Tourist, the creative vision of Hollister and social media personalities, Dixie and Charli DAmelio, offers trend forward apparel that allows teens to experiment with their style, while exploring the duality of who they are both on social media and in real life. Abercrombie & Fitch Co. operates approximately 770 stores under these brands across North America, Europe, Asia and the Middle East, as well as the e-commerce sites www.abercrombie.com, www.abercrombiekids.com, www.hollisterco.com, www.gillyhicks.com and www.socialtourist.com. The iconic Abercrombie & Fitch brand was born in 1892 and aims to make every day feel as exceptional as the start of a long weekend. Nigel Travis has served in executive leadership roles at several global companies within the retail and restaurant industries.
On behalf of our Board, executive management team and Abercrombie & Fitch Co. associates, Id like to thank Terry for all his contributions to the companys transformation over the past several years, said Fran Horowitz, Chief Executive Officer.
Factors that may cause results to differ from those expressed in our forward-looking statements include, but are not limited to, the factors disclosed in Part I, Item 1A. Scott Lipesky . As a transformative business leader with experience growing multi-billion-dollar global brands, I’m confident in Nigel’s ability to help guide us through our next chapter as we continue to transform and position the company for future growth.” Nigel Travis has served in executive leadership roles at several global companies within the retail and restaurant industries.
Nigel Travis, current Director and Chair of the Nominating and Board Governance Committee of the Board, will assume the role of Chairperson effective January 28, 2023. Mr. Burman joined the Board in January 2014 and was appointed Non-Executive Chairperson in February 2018. Nigel Travis, current Director and Chair of the Nominating and Board Governance Committee of the Board, will assume the role of Chairperson effective January 28, 2023. Mr. Travis also currently serves as on the board of directors of Advance Auto Parts Inc. (August 2018 to present). (614) 283-6751 Terrys deep retail experience and guiding leadership helped us make significant progress in reaching our aspiration to become one of the leading global omnichannel apparel retailers, said Ms. Horowitz. Im excited to partner with Fran and the team to continue moving the company forward. He added, Not only has Abercrombie & Fitch Co. proven its ability to navigate through unprecedented challenges while maintaining a focus on making progress against its long-term strategic goals, but it has also done so while continually listening and learning from its global customers., Horowitz concluded, We are fortunate to have a deep leadership bench on our Board of Directors. After five years in the position and in connection with his plans to retire as a Director, Terry Burman will step down as Chairperson of the Board at the conclusion of the companys fiscal year ending on January 28, 2023, and will not stand for re-election at the Companys 2023 Annual Meeting of Stockholders. With these changes, the Company's Board will expand to 12 directors, five of whom are female. Media Contact:Kate Wagner(614) 765-4667Public_relations@anfcorp.com Investor Contact:Mackenzie Gusweiler(614) 283-6751Investor_Relations@anfcorp.com. The company was founded by David Abercrombie in 1892 and is headquartered in New Albany, OH. Cookies are used to offer you a better browsing experience and to analyze our traffic. Burman added, It has been an honor to serve on the Board and as Chairperson of Abercrombie & Fitch Co. Im very proud of all that the company has accomplished, working to deliver against its strategic growth principles while at the same time developing a strong corporate culture. He continued, With the company solidly on its future-focused path, leveraging its digital capabilities to accelerate global growth across brands and deliver shareholder value, it is the right time to transition Board leadership., Travis commented, It has been a privilege to serve on the Board with Terry since I joined in 2019. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. RISK FACTORS of A&Fs Annual Report on Form 10-K for the fiscal year endedFebruary 1, 2020, in some cases have affected, and in the future could affect, the companys financial performance and could cause actual results for fiscal 2020 and beyond to differ materially from those expressed or implied in any of the forward- looking statements included in this Press Release or otherwise made by management: changes in global economic and financial conditions, and the resulting impact on consumer confidence and consumer spending, as well as other changes in consumer discretionary spending habits could have a material adverse impact on our business; failure to engage our customers, anticipate customer demand and changing fashion trends, and manage our inventory commensurately could have a material adverse impact on our business; our failure to operate in a highly competitive and constantly evolving industry could have a material adverse impact on our business; fluctuations in foreign currency exchange rates could have a material adverse impact on our business; our ability to attract customers to our stores depends, in part, on the success of the shopping malls or area attractions that our stores are located in or around; the impact of war, acts of terrorism, mass casualty events or civil unrest could have a material adverse impact on our business; the impact of extreme weather, infectious disease outbreaks, including COVID-19, and other unexpected events could result in an interruption to our business, as well as to the operations of our third-party partners, and have a material adverse impact on our business; failure to successfully develop an omnichannel shopping experience, a significant component of our growth strategy, or failure to successfully invest in customer, digital and omnichannel initiatives could have a material adverse impact on our business; our failure to optimize our global store network could have a material adverse impact on our business; our failure to execute our international growth strategy successfully and inability to conduct business in international markets as a result of legal, tax, regulatory, political and economic risks could have a material adverse impact on our business; failure to protect our reputation could have a material adverse impact on our business; if our information technology systems are disrupted or cease to operate effectively it could have a material adverse impact on our business; we may be exposed to risks and costs associated with cyber-attacks, data protection, credit card fraud and identity theft that could have a material adverse impact on our business; our reliance on our distribution centers makes us susceptible to disruptions or adverse conditions affecting our supply chain; changes in the cost, availability and quality of raw materials, labor, transportation, and trade relations could have a material adverse impact on our business; we depend upon independent third parties for the manufacture and delivery of all our merchandise, and a disruption of the manufacture or delivery of our merchandise could have a material adverse impact on our business; we rely on the experience and skills of our executive officers and associates, and the failure to attract or retain this talent, or effectively manage succession could have a material adverse impact on our business; fluctuations in our tax obligations and effective tax rate may result in volatility in our results of operations could have a material adverse impact on our business; our litigation exposure, or any securities litigation and shareholder activism, could have a material adverse impact on our business; failure to adequately protect our trademarks could have a negative impact on our brand image and limit our ability to penetrate new markets which could have a material adverse impact on our business; changes in the regulatory or compliance landscape could have a material adverse impact on our business; and our credit facilities include restrictive covenants that limit our flexibility in operating our business and our inability to obtain credit on reasonable terms in the future could have an adverse impact on our business.