WARRENDALE, Pa., Dec. 6 /PRNewswire/ -- Jay Schottenstein, Chairman and
Chief Executive Officer of American Eagle Outfitters, Inc. (Nasdaq: AEOS)
announced the appointment of James O'Donnell as Chief Operating Officer. Mr.
O'Donnell joined the Pittsburgh-based retailer on December 4, 2000. He will
also serve as a member of the Company's Board of Directors.
Mr. O'Donnell served in various senior executive positions with The Gap,
Inc. from 1980-1992, including Executive Vice President and Chief Operating
Officer and as a member of the Gap's Board of Directors. He most recently was
co-founder and Chief Executive Officer of Lyte, Inc., a marketing and
merchandising company serving the retail industry. Prior to Lyte, Inc., Mr.
O'Donnell was an owner and Chief Executive Officer of Computer Aided Systems,
Inc., a provider of integrated distribution software and logistics systems.
He is currently a member of the Advisory Board to the Villanova University
College of Commerce and Finance, and a member of the Board of Directors of
North America Media Engines, Inc. in Toronto, Canada.
"We are delighted to have Jim on board. He brings tremendous specialty
retail operating experience from his years at The Gap, which grew during his
tenure from $500 million in sales to over $4 billion in sales. Jim's strong
operational skills, which were developed as The Gap expanded domestically and
internationally, are particularly well-suited to American Eagle Outfitters as
we embark on our next phase of growth. Together with Roger Markfield,
President and Chief Merchandising Officer, Jim will lead the Company's
continued expansion, said Mr. Schottenstein."
"I am thrilled to have Jim as my partner," said Mr. Markfield. "Jim's
extensive retail expertise in real estate, store operations and logistics will
be a tremendous asset to American Eagle Outfitters as we continue to expand
the AE brand in the United States and Canada."
Mr. O'Donnell will assume the responsibilities of Mr. George Kolber, who
joins Value City Department Stores (NYSE: VCD) as Chief Executive Officer.
Mr. Kolber will continue to serve as Vice Chairman of American Eagle
Outfitters' Board of Directors.
Mr. Schottenstein added, "George Kolber has done a terrific job at
American Eagle Outfitters over the past five years by both contributing to our
tremendous earnings success and laying a firm foundation for future growth. I
look forward to Mr. Kolber's continuing contribution as Vice Chairman of
American Eagle's Board of Directors."
American Eagle Outfitters, Inc. is a leading specialty retailer of all-
American casual apparel, accessories, and footwear for men and women between
the ages of 16 and 34. The Company designs, markets, and sells its own brand
of versatile, relaxed, and timeless classics like American Eagle jeans,
cargos, and t-shirts, providing high quality merchandise at affordable prices.
The Company currently operates 556 stores in 47 states and the District of
Columbia.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: This release contains forward-looking statements, which represent
the Company's expectations or beliefs concerning future events, specifically
regarding the future growth. All forward-looking statements involve material
risks and uncertainties and are subject to change based on factors beyond the
Company's control. Such factors include, but are not limited to those risks
described in the Company's filings with the Securities and Exchange Commission
and the risk that the Company's future growth may not be as fast or as
profitable as anticipated. The Company does not undertake to publicly update
or revise its forward-looking statements even if experience or future changes
make it clear that any projected results expressed or implied therein will not
be realized.
SOURCE American Eagle Outfitters, Inc.
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Related links:
http://www.ae-outfitters.com
Company News On-Call:
http://www.prnewswire.com/comp/104763.html or fax,
800-758-5804, ext. 104763
CONTACT:
Laura Weil of American Eagle Outfitters,
724-776-4857
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