By  on January 22, 2018

Arthur Martinez’s work is done at Abercrombie & Fitch Co.

The executive chairman will step down from his role at the end of the current fiscal year, which ends Feb. 3. He will retire as a director and be succeeded by Terry L. Burman as non-executive chairman. Burman is currently the lead independent director and chair of the nominating and board governance committee. The two both joined the board in January 2014, with Martinez servicing as non-executive chairman at that time. He became executive chairman in December 2014. Burman, 72, is chairman as of Tuesday morning. He is the former chief executive officer of Barry’s Jewelers, Signet and former chairman of Zale Corp.

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