News has emerged this week that, after a two-year tenure as CEO at American Eagle Outfitters Inc., Robert Hanson is leaving the company. The Pittsburgh-based teen clothing retailer announced that  Jay L. Schottenstein, Executive Chairman of the Board, has been appointed as the Company’s Interim Chief Executive Officer, effective immediately, and that the board will initiate a search for a permanent CEO. Roger S. Markfield has agreed to postpone his retirement and will continue in his current role as Vice Chairman and Executive Creative Director.
Hanson joined American Eagle in January 2013 after 23 years at Levi’s. No reasons were given for his departure.

Jay Schottenstein commented, “On behalf of the Board of Directors, I want to thank Robert for his contributions during his tenure and wish him well in his future endeavors.” Schottenstein became Executive Chairman at the beginning of fiscal 2012 and served as Chairman of the Company since March 1992 as well as Chief Executive Officer from March 1992 until December 2002.
Roger Markfield joined the Company in 1993, initially pioneering the brand’s development in the teen retailing sector and leading its evolution through its most profitable years. In addition, Markfield has served as a Director since 1999.

The Company also said that it continues to expect to report fourth quarter 2013 earnings per share in line with the outlook provided on January 9, 2014.