Boland is chief financial and administrative officer. The teen retailer said an active search is underway for her successor.
In the meantime, Scott Hurd, the company’s chief accounting officer, will take the lead on the day-to-day management of the finance team, as well as assume the role of interim chief financial officer.
Jay Schottenstein, chief executive officer, thanked Boland for her contributions over the years, adding, “As plans for Mary’s retirement have been underway for some time, I am confident in a smooth transition.”
Boland said, “The company is in strong financial condition and well positioned for future success.”
The company last week posted solid fourth-quarter gains as profits soared 32.6 percent. The earnings results were in line with Wall Street expectations.
American Eagle’s shares closed up 1.1 percent to $16.09 in Big Board trading Wednesday, but the stock fell 2.1 percent to $15.75 in after-marketing trading following the news of Boland’s impending retirement.