American Eagle Outfitters, Inc. tapped Robert Madore as chief financial officer and executive vice president effective October 28. Madore was most recently the chief financial officer at Ralph Lauren Corp., where he has worked since 2004 but served as cfo only since April 2015.
At American Eagle, Madore will report to chief executive officer Jay Schottenstein.
“I am excited to welcome Bob to American Eagle Outfitters and look forward to benefiting from his extensive financial and operational retail experience, global perspective and leadership as we execute our growth plan,” said Schottenstein. “I’m confident that Bob will be an excellent addition to our executive team and instrumental in driving continued shareholder returns.”
Madore will oversee all aspects of finance, merchandise planning and allocation and investor relations. Madore said, “I’m pleased to join American Eagle Outfitters at an exciting time of transformation and growth. I look forward to building upon its success and contributing to a strong future.”
Madore is succeeding Scott Hurd as the chief accounting officer, who had been acting as the interim cfo. Schottenstein added, “I’d like to thank Scott Hurd, senior vice president and chief accounting officer, for his leadership and contributions as interim cfo over the past several months. Scott will play an integral role in onboarding Bob and will continue to have a leadership role within finance.”
American Eagle has more than 1,000 stores around the world. The teen retailer has been steadily working its way back from the dark days of 2014 when teen shoppers all but disappeared. The stock price fell to the $10 range. Over the last year year, the stock has risen over 11 percent to trade lately at $17.81.
Ralph Lauren has been shaking up its leadership team under new ceo Stefan Larsson and in June named Jane Hamilton Nielsen as cfo, poaching her from Coach, where she served in a similar capacity.