Aeropostale’s long-time chief executive officer, Julian Geiger, will step down by the end of the fiscal year but will continue serving at the retail giant as chairman, the company announced Thursday.
Geiger, who has served as CEO since 1996, will be replaced by co-CEOs Mindy Meads and Thomas Johnson, who have served as chief merchandising manager and chief operation officer, respectively.
Mead has served in her current role since 2007, while Johnson has been the retailer’s COO since 2004.
Aeropostale has survived a down economy by offering popular merchandise at reduced prices. The company has 891 outlets in 49 states, according to BusinessWeek, and 39 stores in Canada.