Abercrombie & Fitch appoints new CFO

By

Sarah Ahssen

Published
Apr 11, 2014

Following a drop of sales by 9% to 3.1 billion euros in 2013, as well as pressure from shareholders for a management overhaul, Abercrombie & Fitch Group (which includes Abercrombie & Fitch, Abercrombie Kids and Hollister) has named Joanne C. Crevoiserat chief financial officer and executive vice president. She will succeed Jonathan Ramsden, who was promoted to director of operations in January.

Meanwhile, Crevoiserat, who has previously worked at Wal-Mart and then Kohl's, will take up her new position in May. Until then, she will temporarily oversee merchandise planning and inventory management, a position currently occupied by Leslee Herro, who will leave the group in September.