American Eagle Names CEO as Quarterly Earnings Improve

Nearly two years after American Eagle Outfitters parted ways with its last chief executive, the teen clothing retailer has named Jay L. Schottenstein, its interim CEO since January 2014, to the CEO role permanently. The move acknowledges that the company’s fortunes have improved in the last several quarters, including the most recent one. In third-quarter results released yesterday after markets closed, American Eagle reported earnings per share of 38 cents compared to 5 cents in the year-ago quarter.