Jay L. Schottenstein

American Eagle said after the market closed Wednesday that Chief Executive Robert Hanson has left his post after less than two years, a move that stunned Wall Street. The teen apparel retailer said Executive Chairman Jay L. Schottenstein, who was previously chief executive from March 1992 through December 2002, will temporarily fill in for Hanson. The company said it will start looking for a permanent replacement. Executive Creative Director Roger S. Markfield, who is also vice chairman, agreed to delay his planned retirement and continue in his current roles, according to American Eagle.

More Blogs