Abercrombie & Fitch Co., the globally renowned lifestyle retailer, announced to discontinue with the role of Chief Operating Office (COO).
This decision was taken as a part of retailer’s current ‘transforming while growing’ phase, which aims at streamlining the organisation.
According to this new restructuring effort, the firm’s Chief Financial Officer, Chief Information Officer, Head of Global Supply Chain and Head of the Transformation Management Office will now report to the Chief Executive Officer (CEO).
The company, reportedly, said that the changes will be immediately effective.
Consequently, COO Joanne C. Crevoiserat will immediately leave the company. Crevoiserat had joined Abercrombie & Fitch back in 2014 as the Chief Financial Officer and was then made the COO in February 2017.
Talking about dissolving the role of COO, Fran Horowitz, CEO, Abercrombie and Fitch Co., said that it was part of the company-wide transformation initiatives and also the continual focus on driving additional agility and efficiency throughout the business.
Fran Horowitz also thanked Crevoiserat for her invaluable contribution to the growth and transformation of the company and wished her success for future.