Abercrombie & Fitch President Steps Down, Hollister President Promoted to Dual Role

As Abercrombie & Fitch Co. works to right its slumped sales and revamp its namesake brand's identity, the company is also getting an executive overhaul. On Tuesday, the retailer announced the departure of Abercrombie & Fitch brand President Christos Angelides and the promotion of Fran Horowitz, who was hired as president of Hollister at the same time as Angelides in Oct. 2014, to a newly created dual role. Effective immediately, Horowitz will serve as president and chief merchandising officer of the company as a whole, reporting to Executive Chairman Arthur Martinez.