Urban Outfitters COO Calvin Hollinger resigns; Co-Presidents named, CFO role shifts
Urban Outfitters said COO Calvin Hollinger will resign effective November 1, 2020, and announced several promotions effective October 13, 2020, including Margaret A. Hayne and Francis J. Conforti as Co-Presidents. Conforti will also become Chief Operating Officer while remaining Chief Financial Officer until a replacement is appointed, so the company's finance leadership is in transition.
- Calvin Hollinger resigns as Chief Operating Officer effective November 1, 2020, and will be paid $638,508.
- Margaret A. Hayne and Francis J. Conforti are named Co-Presidents effective October 13, 2020; Conforti also becomes Chief Operating Officer.
- Conforti remains Chief Financial Officer until a replacement is appointed; the company has begun a search for his successor.
- Salaries rise to $900,000 for M. Hayne (from $635,000) and Conforti (from $773,000), and to $500,000 for Azeez Hayne (from $418,000).