A&F CEO Fran Horowitz Gets Compensation Boost


Fran Horowitz, chief executive officer of Abercrombie & Fitch Co., who has orchestrated one of the retail industry’s strongest turnarounds, has been getting nicely compensated for her efforts.

Last year, Horowitz’ total compensation package totaled $17 million, including $1.4 million in salary, $5.3 million in incentive pay and $10.3 million in stock awards, which tie the CEO’s pay to the gains seen by other shareholders. That was significantly more compensation than the year before when the CEO’s total compensation package came to $15 million, including $1.4 million in salary, $4.8 million in incentive pay and $8.9 million in stock awards.

The New Albany, Ohio-based youth specialty retailer generated $4.95 billion in sales last year, up 16 percent from 2023, driven by comparable sales of 17 percent with double-digit comparable sales growth across regions and brands. By division, Abercrombie brands delivered net sales growth of 16 percent on comparable sales of 15 percent, with Hollister brands growing net sales 15 percent on comparable sales of 19 percent. Operating income rose 15 percent to $741 million. In terms of sales and operating income, 2024 was the best in the history of the company.

Much of the company’s success has stemmed from being better at chasing orders for hot-selling items, downsizing and remodeling stores for greater efficiency and productivity, to be more efficient, having a strong presence on social media, capturing more customers each year, providing appealing, well-designed product at reasonable prices and being more inclusive in its imagery and marketing.

Horowitz has served as CEO of the company since February 2017. Earlier, she was president and chief merchandising officer for all brands of the company and before that served as Hollister’s brand president.

Other executives have also been well compensated. Scott D. Lipesky, executive vice president and chief operating officer, received $5.3 million in total compensation, including $821,154 in salary, $2.7 million in stock awards, and $1.7 million in non-equity incentive plan compensation. In 2023, Lipesky’s total compensation came to $4.7 million.

Samir Desai, executive vice president and chief digital and technology officer, last year had a total compensation package valued at $4.1 million, including $721,154 in salary, $1.9 million in stock awards, and $1.4 million in non-equity incentive plan compensation. In 2023, his total compensation came to $4.35 million.



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