American Eagle Outfitters has appointed Ravi Thanawala as its new chief financial officer, effective August 3. Thanawala, a former Nike and Ann Inc. executive who most recently served as CFO of Papa John's International, succeeds Mike Mathias, who will remain for a year as a non-executive strategic adviser to Executive Chairman and CEO Jay Schottenstein. Thanawala will receive a base salary of $1 million, a $1 million cash bonus, and restricted stock awards to offset forfeited compensation from Papa John's. The company also reaffirmed its full-year guidance, which calls for a midsingle-digit gain in comparable sales and operating income of $390 million to $410 million.
American Eagle Outfitters IncCFO appointment and reaffirmed guidance; no clear positive or negative signal.
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Papa John's International Inc