Urban Outfitters replaces CEO

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Urban Outfitters Inc. appointed Richard Hayne CEO after Glen Senk resigned on Jan. 9, the retailer said on Jan. 10.

"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," said Hayne in the company statement. "We wish Glen all the best in his future endeavors."

Senk will remain with Urban Outfitters Inc. through the transition period but has resigned from its board of directors, the company said in the statement. Hayne previously served as the company's president and chairman of the board.

Urban Outfitters did not respond to requests for additional comment.

Urban Outfitters Inc. is the parent company of retailers Urban Outfitters, Anthropologie, Free People, BHLDN and Terrain.

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