American Eagle names Jay Schottenstein as it new CEO

American Eagle Outfitters has appointed Jay L. Schottenstein as Chief Executive Officer, effective immediately. He will continue in his role as Executive Chairman of the Board. He has served as interim chief executive officer since January of 2014.

“Jay has orchestrated a swift recovery since taking the helm, successfully guiding the company through a challenging and highly competitive retail environment,” commented Michael Jesselson, Lead Independent Director for AEO’s Board of Directors, adding, “He has exceptional instincts for our brands, a strong strategic vision and proven ability to lead the company to profitable growth. On behalf of the entire Board, we are pleased to have Jay’s commitment and the leadership continuity that this appointment brings.”