American Eagle Chief Financial and Administrative Officer retires

By

Obi Anyanwu

Published
Mar 10, 2016

American Eagle Outfitters, Inc. announced Wednesday that Mary Boland, Chief Financial and Administrative Officer, plans to retire from the company effective April 1, 2016.
 

Boland assumed the role of Chief Financial and Administrative Officer in July 2012 and has remained in the position for almost four years. Prior to joining American Eagle, she served as Levi's SVP Finance and Distribution, Global Levi’s, which she held from March 2006 through June 2012. Boland also held positions at HealthGrades and General Motors.
 
Scott Hurd, the company’s Chief Accounting Officer, will assume the role of Interim Chief Financial Officer in addition to leading the day-to-day management of the finance team. American Eagle is currently searching for Boland’s successor.

The company also announced on Thursday a quarterly cash dividend of $0.125 per share, marking the company’s 47th consecutive quarterly dividend, and a 25 million share repurchase through January 30, 2021.

The dividend is payable on April 22, 2016 to stockholders of record at the close of business on April 8, 2016. In addition, the company currently has 27.8 million shares available for repurchase when combined with the company’s existing authorization of 2.8 million shares, which expires on January 28, 2017.