PITTSBURGH--(BUSINESS WIRE)--
American Eagle Outfitters, Inc. (NYSE: AEO) today announced the
appointment of Suja Chandrasekaran to the company's board of directors
as an independent director, effective Monday, March 19, 2018. Ms.
Chandrasekaran brings extensive experience in retail and consumer
products industries to the AEO board, drawing upon past executive
leadership positions at Walmart Stores Inc., The Timberland Company, as
well as her current leadership role at Kimberly-Clark. Her appointment
returns the AEO board to seven members.
“Suja brings vast information and digital technology expertise and a
wealth of leadership experience in the global retail and consumer
industries to our team. We are excited to welcome her to the board and
look forward to her insights and fresh perspective as we continue our
strong momentum and further enhance our customer connectivity and
digital capabilities,” said Jay Schottenstein, Executive Chairman of the
Board and Chief Executive Officer of American Eagle Outfitters, Inc.
The depth of Ms. Chandrasekaran’s background includes serving in
executive leadership positions for several consumer retailers including
Senior VP/Global Chief Technology and Data Officer at Walmart Stores
Inc., Senior VP/Global Chief Information Officer at The Timberland
Company, and C-level roles leading technology at PepsiCo and Nestle.
Presently, she is Chief Information Officer at Kimberly-Clark, one of
the world’s leading consumer packaged goods business. She also serves on
the board of directors of Symphony Technology Group.
Ms. Chandrasekaran holds a Bachelor of Engineering from the University
of Madras, India and a Master of Business Systems from Monash University
in Melbourne, Australia. She has executive development education from
London Business School.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global
specialty retailer offering high-quality, on-trend clothing, accessories
and personal care products at affordable prices under its American Eagle
Outfitters® and Aerie® brands. The company operates more than 1,000
stores in the United States, Canada, Mexico, China and Hong Kong, and
ships to 81 countries worldwide through its websites. American Eagle
Outfitters and Aerie merchandise also is available at more than 200
international locations operated by licensees in 25 countries. For more
information, please visit www.ae.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995
This release and related statements by management contain
forward-looking statements (as such term is defined in the Private
Securities Litigation Reform Act of 1995), which represent our
expectations or beliefs concerning future events, including Fiscal 2018
results. All forward-looking statements made by the company involve
material risks and uncertainties and are subject to change based on many
important factors, some of which may be beyond the company’s control.
Words such as "estimate," "project," "plan," "believe," "expect,"
"anticipate," "intend," “potential,” and similar expressions may
identify forward-looking statements. Except as may be required by
applicable law, we undertake no obligation to publicly update or revise
any forward-looking statements whether as a result of new information,
future events or otherwise and even if experience or future changes make
it clear that any projected results expressed or implied therein will
not be realized. The following factors, in addition to the risks
disclosed in Item 1A., Risk Factors, of the company’s Annual Report on
Form 10-K for the fiscal year ended January 28, 2017 and in any
subsequently-filed Quarterly Reports on Form 10-Q filed with
the Securities and Exchange Commission in some cases have affected, and
in the future could affect, the company's financial performance and
could cause actual results for Fiscal 2018 and beyond to differ
materially from those expressed or implied in any of the forward-looking
statements included in this release or otherwise made by management: the
risk that the company’s operating, financial and capital plans may not
be achieved; our inability to anticipate customer demand and changing
fashion trends and to manage our inventory commensurately; seasonality
of our business; our inability to achieve planned store financial
performance; our inability to react to raw material cost, labor and
energy cost increases; our inability to gain market share in the face of
declining shopping center traffic; our inability to respond to changes
in e-commerce and leverage omni-channel demands; our inability to expand
internationally; difficulty with our international merchandise sourcing
strategies; challenges with information technology systems, including
safeguarding against security breaches; and changes in global economic
and financial conditions, and the resulting impact on consumer
confidence and consumer spending, as well as other changes in consumer
discretionary spending habits, which could have a material adverse
effect on our business, results of operations and liquidity.
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American Eagle Outfitters, Inc.
Olivia Messina, 412-432-3300
LineMedia@ae.com
Source: American Eagle Outfitters, Inc.