Terry Burman is stepping down as CEO and retiring at the end of his current term;
Nigel Travis, current Independent Director and Chair of the Nominating and Board Governance Committee, will become the new Board Chair

NEW ALBANY, Ohio, Nov. 22, 2022 (GLOBE NEWSWIRE) — Abercrombie & Fitch Co. ANF, a leading global omnichannel specialty retailer of apparel and accessories, today announced a change in its board of directors as part of a leadership change. After five years in that position and in connection with his plans to retire as a Director, Terry Burman will retire effective the close of the Company’s fiscal year ending on the 28th of election at the Company’s 2023 AGM. Nigel Travis, current Director and Chair of the Board’s Nominating and Board Governance Committee, will assume the role of Chair effective January 28, 2023.

Mr. Burman joined the Board in January 2014 and was appointed non-executive Chairman in February 2018. Mr. Travis joined the Board in February 2019 as an independent director.

“On behalf of our board of directors, board team and employees of Abercrombie & Fitch Co., I would like to thank Terry for all of his contributions to the company’s transformation over the past few years,” said Fran Horowitz, chief executive officer. “The company is in a completely different place than we were when he joined the board in 2014. Terry’s extensive retail experience and leadership skills have helped us make significant strides towards our goal of becoming one of the leading global omnichannel apparel retailers,” said Ms. Horowitz.

Burman added, “It has been an honor to serve on the board of directors and as chairman of Abercrombie & Fitch Co. I am immensely proud of all that the company has achieved in working to fulfill its strategic growth principles while continuing to develop a strong corporate culture.” He continued, “Solid with the company…