Urban Outfitters' Senk resigns as ceo; board appoints Hayne to role

Home Textiles Today Staff -- Home Textiles Today, 1/11/2012 12:53:27 PM

Philadelphia - Five nameplate specialty retailer chain Urban Outfitters Inc. announced the resignation of its ceo, Glen T. Senk, as of Jan.9 and has replaced him effectively immediately with Richard Hayne, who also serves as the company's chairman and president.

Senk joined the company - whose retail brands include Anthropologie, Free People, BHLDN, Terrain and Urban Outfitters -- in 1994 as president of Anthropologie. He then became director in 2004 and ceo in 2007.

The company said Senk "indicated that he plans to pursue another opportunity, but that he will remain with the company for a period of time to assist management with the transition." He has also resigned from the board of directors.

"Glen joined the company nearly 18 years ago when the Anthropologie business was a single-store prototype. We are forever grateful for his passion, creativity and leadership in building the Anthropologie brand to what it is today. We are also thankful for his countless contributions having served as the URBN ceo since 2007," Hayne said. "We wish Glen all the best in his future endeavors."

Hayne co-founded Urban Outfitters in 1970 and has been chairman and president since the company's incorporation in 1976.

A spokesperson for the board said, "The entire Board is pleased to name Dick as the company's ceo. He brings over 40 years of retail experience and strong leadership. Mr. Hayne has been instrumental in the company's historical success and we are extremely fortunate to have an executive of Dick's tenure and caliber in place and prepared to lead the company's continued growth."