Michael Cunningham will retire as president of Aéropostale Inc. at the end of March following more than 12 years with the teen retail company.
Cunningham, 55, will remain a director of the New York-based company. He joined Aéropostale in 2000 as senior vice president and chief financial officer and was promoted to executive vice president in 2004. He added the title of president in 2010, the year he became a director and relinquished the title of cfo. Prior to joining the retail chain, he was chairman and cofounder of Compass International Services Corp. and spent more than a dozen years with American Express Co.
A spokesman for the company said there are no plans to name a new president. Cunningham’s current duties will be split among Thomas Johnson, chief executive officer, who will oversee information technology; Marc Miller, executive vice president and cfo, who will add planning and allocation, and Mary Jo Pile, executive vice president of customer engagement, who will augment her responsibilities to include construction, logistics and real estate.
Aéropostale operated about 200 stores in 27 states when Cunningham joined the firm, which today has more than 1,000 Aéropostale units in North America, 100 P.S. from Aéropostale stores in the U.S., licensed operations in the Middle East, Asia and Europe and, through its recent acquisition of Gojane.com, a growing e-commerce platform.
“Michael has been a key contributor to the evolution of our business as a multibrand and multinational specialty retailer,” Johnson said. “In particular, he has been instrumental in building Aéropostale’s best-in-class financial and business operations. While we will miss our daily interactions with Michael, we are pleased that he will remain on the board of directors and we look forward to his continued, invaluable input into our business.”