Abercrombie & Fitch Co. Announces Election of Andrew Clarke to its Board of Directors

Rhea-AI Summary

Abercrombie & Fitch Co. (NYSE: ANF) has announced the election of Andrew Clarke to its Board of Directors, effective August 21, 2024. Clarke, 51, is the Global President of Mars Snacking and brings over 30 years of experience in consumer-focused industries. His appointment is expected to provide a global perspective and strategic capabilities to the company as it enters its next growth phase.

Clarke's extensive background includes 24 years at Mars in various roles, including Chief Customer and Marketing Officer. His experience spans multiple regions, including Europe and Latin America. Nigel Travis, Chairperson of the Board, highlighted Clarke's diverse geographic experience and success in driving growth as key assets for the company.

Positive

• Addition of Andrew Clarke to the Board of Directors brings global executive leadership experience
• Clarke's 30+ years in consumer-focused industries adds valuable expertise
• Clarke's experience in multi-brand environments aligns with ANF's portfolio strategy
• Appointment may contribute to ANF's next growth phase

Negative

• None.

Clarke brings global, executive leadership and a deep connection to consumers around the world

NEW ALBANY, Ohio, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF), a leading, global omnichannel specialty retailer of apparel and accessories, today announced the election of Andrew Clarke to its Board of Directors, effective August 21, 2024.

Mr. Clarke, 51, is the Global President of Mars Snacking, a division of Mars, Incorporated. In this role, which he has held since 2018, Clarke is responsible for overseeing one of the world’s most iconic portfolio of snack brands, which represents a significant portion of Mars’ total business. He has more than 30 years in consumer-focused industries, with the last 24 years at Mars in roles of increasing responsibility. Clarke started with Mars in UK sales, before moving into various general management and regional roles across Europe and Latin America. He then took on a global role as Chief Customer and Marketing Officer before moving into his current position, which is based in Chicago. Clarke has spent more than nine years on the Mars leadership team and brings a true global perspective to his role.

Clarke started his career at British retailer Marks & Spencer, spending four years there before joining Mars.

“We are thrilled to welcome Andrew to Abercrombie & Fitch Co.’s Board of Directors. With decades of executive experience in consumer goods and a deep understanding of consumers around the world, he will bring a dynamic, global perspective as we navigate the company’s next chapter of growth,” said Nigel Travis, Chairperson of the Board. “His strategic capabilities, diverse geographic experience, work in a multi-brand environment and track-record of successfully driving growth will be a tremendous asset to the Board and company.”

“I’m honored to join Abercrombie & Fitch Co.’s Board of Directors,” said Clarke. “I have nothing but admiration and respect for the company’s recent success, made possible by years of transformational work, the strength of their iconic, global brands and the incredible culture they have built. I look forward to partnering with CEO Fran Horowitz and her management team, as well as Nigel and the board as the company continues its work to achieve its long-term ambitions,” he added.

About Abercrombie & Fitch Co.:
Abercrombie & Fitch Co. (NYSE: ANF) is a global, digitally led, omnichannel specialty retailer of apparel and accessories catering to kids through millennials with assortments curated for their specific lifestyle needs.  

The company operates a family of brands, including Abercrombie & Fitch and Hollister, each sharing a commitment to offer products of enduring quality and exceptional comfort that support global customers on their journey to being and becoming who they are. Abercrombie & Fitch Co. operates 750+ stores across North America, Europe, Asia and the Middle East, as well as the e-commerce sites abercrombie.com, abercrombiekids.com and hollisterco.com. 

Investor Contact:	Media Contact:
Mo Gupta	Kate Wagner
Abercrombie & Fitch Co.	Abercrombie & Fitch Co.
(614) 283-6751	(614) 283-6192
Investor_Relations@anfcorp.com	Public_Relations@anfcorp.com

FAQ

Who is Andrew Clarke and why was he elected to Abercrombie & Fitch's (ANF) Board of Directors?

Andrew Clarke is the Global President of Mars Snacking, elected to ANF's Board on August 21, 2024. He brings over 30 years of experience in consumer-focused industries and global executive leadership, which is expected to contribute to ANF's growth strategy.

What specific experience does Andrew Clarke bring to Abercrombie & Fitch (ANF)?

Clarke brings 24 years of experience at Mars, including roles in sales, general management, and as Chief Customer and Marketing Officer. He has worked across multiple regions including Europe and Latin America, providing a global perspective to ANF's board.

How might Andrew Clarke's appointment impact Abercrombie & Fitch's (ANF) future strategies?

Clarke's experience in multi-brand environments and success in driving growth is expected to be valuable as ANF navigates its next growth phase. His global perspective and strategic capabilities could influence the company's international expansion and brand management strategies.

When did Andrew Clarke join Abercrombie & Fitch's (ANF) Board of Directors?

Andrew Clarke was elected to Abercrombie & Fitch's Board of Directors effective August 21, 2024.