Business

Robert Hanson Out As CEO Of American Eagle

Reuters
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Employee Marcus Mullins arranges shirts at an American Eagle Outfitters Inc. store in San Francisco, California, U.S., on Wednesday, March 6, 2013. American Eagle reported adjusted fiscal year 2012 earnings for the 53 weeks ended February 2, 2013 of $1.39 per share, a 43% increase from fiscal year 2011 adjusted earnings. Photographer: David Paul Morris/Bloomberg via Getty Images
Employee Marcus Mullins arranges shirts at an American Eagle Outfitters Inc. store in San Francisco, California, U.S., on Wednesday, March 6, 2013. American Eagle reported adjusted fiscal year 2012 earnings for the 53 weeks ended February 2, 2013 of $1.39 per share, a 43% increase from fiscal year 2011 adjusted earnings. Photographer: David Paul Morris/Bloomberg via Getty Images

Jan 22 (Reuters) - Teen apparel retailer American Eagle Outfitters Inc said its chief executive of two years, Robert Hanson, would leave the company, effective immediately.

American Eagle's shares fell 5 percent after the bell.

The company named Chairman Jay Schottenstein as interim CEO.

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