Items are displayed at an Abercrombie and Fitch retail outlet in New York. Abercrombie and Fitch reports earnings on Friday, June 1Earns Abercrombie and Fitch, New York, USA - 24 May 2018

Abercrombie & Fitch is making more changes to the c-suite.  

That includes the exit of the company’s chief operating officer Joanne Crevoiserat. In fact, Abercrombie & Fitch is eliminating the role altogether. Starting immediately, the retailer’s chief financial officer, chief information officer, head of global supply chain and head of the transformation management office will report to A&F’s chief executive officer Fran Horowitz.

The reorganization is part of the company’s ongoing “transforming while growing” phase, according to a press release issued by the company on Tuesday.

“Based on the progress of our companywide transformation initiatives and the continuing focus on driving additional agility and efficiency throughout the business, we have decided to eliminate the [chief operating officer] role,” Horowitz said in a statement. “Joanne has been a key partner in our transformation journey over these past five years, helping stabilize the business and embed transformation across the organization. I am grateful for her many contributions across the company, which will have a lasting, positive impact, and we wish her every success in the next chapter of her career.”

Crevoiserat will leave Abercrombie after a short transitional period. The company would not provide additional details about Crevoiserat’s departure or what she will do next.

This is the second time in less than a year that Abercrombie has restructured management, eliminating roles in the process. In November, the company got rid of its brand president positions. Kristin Scott, who was brand president of Hollister Co. at the time, was elevated to president of global brands. Meanwhile, Stacia Andersen, former brand president of Abercrombie and Abercrombie Kids, left the company.

Abercrombie beat Wall Street’s expectations during its most recent quarter, reporting a quarterly net income of $96.9 million in March, up from $74.2 million a year earlier. Company shares are also up 26.6 percent year-to-date.

Even so, amid an increasingly volatile market, Abercrombie has not been able to regain its 2011 highs, when the stock was priced at $73 a piece. Shares were trading at just over $26 during Tuesday’s trading session.

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