Arthur Martinez steps down as executive chairman of Abercrombie & Fitch

Abercrombie & Fitch Co. has announced that Arthur C. Martinez will step down as executive chairman of its board of directors at the conclusion of its fiscal year ending February 3, 2018 in connection with his plans to retire as a director and not stand for re-election at the company's 2018 annual meeting of shareholders in June. The company added that Terry L. Burman, Lead Independent Director and Chair of the nominating and board governance committee will assume the role of Non-Executive Chairman at that time.