American Eagle Outfitters is looking for a CMO as Michael Leedy looks to step down from 15 September 2015.
According to a statement from the company Leedy will be serving in an advisory role if needed to ensure a smooth transition. Leedy took on the role more than four years ago following a two year stint as CMO at Chico's. He also worked with American Eagle Outfitters from 1994 to 2006.
Roger Markfield, executive creative director said. “Leedy was instrumental in establishing our early brand DNA, our loyalty program and significantly influenced initiatives such as the launch of the AEO direct business. We have an outstanding creative marketing team and I am confident that we will find a strong successor to build on our success and lead us into the future. ”
Leedy’s departure comes amidst the company seeing its total net revenue increased 12% to a record US$797 million from US$711 million last year. Meanwhile, consolidated comparable sales increased 11%, compared to a 7% decrease last year.
According to Jay Schottenstein, interim CEO of the company, both American Eagle and its sister brand Aerie delivered strong sales and earnings growth across channels.
“The team is delivering exceptional execution, and our customers have taken notice of improvements to our merchandise and overall customer experience. […]We have two of the best-positioned brands in the marketplace today, and we are well poised to capitalise on our strengths. We have vast opportunity for ongoing improvements and will strive to deliver continued growth and returns to our shareholders.”