Abercrombie & Fitch has promoted Jonathan E. Ramsden, currently the company's EVP and CFO, to the position of COO, a new role at the company. Ramsden will continue to serve as CFO, in addition to his COO role, until a new CFO is appointed.
Ramsden has been with Abercrombie & Fitch since December 2008. He previously served as CFO of TBWA Worldwide, a global advertising and marketing services company. Ramsden will work closely with CEO Michael S. Jeffries, as well as the new brand presidents, who will report to Jeffries and oversee the Abercrombie & Fitch and Abercrombie Kids brands, and the Hollister brand, respectively. The company is making progress in its search for brand presidents and will provide additional information when appropriate.
"Jonathan's responsibilities have progressively expanded well beyond the CFO role, and this new position will enable Jonathan to work closely with me in managing the overall execution of our long-range strategic plans,” said Jeffries. “Along with the new brand president positions, the creation of the new COO role will ensure we are organized for renewed growth and success going forward."