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Aeropostale President to Retire

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On Tuesday, Aeropostale (NYSE: ARO  ) announced that company President Michael Cunningham will retire from his post effective March 29. Cunningham is expected to remain on the Board of Directors, however.

No replacement for Cunningham was named. Instead, Aeropostale advised that company Chief Executive Officer Thomas P. Johnson will be taking over Cunningham's responsibility for information technology at the retailer. Chief Financial Officer Marc D. Miller will take over the duties of planning and allocation, and Executive Vice President for Customer Engagement Mary Jo Pile will be responsible for construction, logistics, and real estate.

Aeropostale shares closed up 3.1% Tuesday before the announcement, at $13.57.

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Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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11/24/2015 4:00 PM
ARO $0.62 Up +0.02 +3.33%
Aeropostale CAPS Rating: **