Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
Michael Cunningham has worked for the apparel retailer since 2000.
Aéropostale Inc. says its president, Michael Cunningham, will retire effective March 29. The apparel retailer is No. 114 in the Internet Retailer Top 500 Guide.
Hired in 2000, Cunningham oversaw the chain’s growth to nearly 1,000 U.S. and Canadian stores from about 200, as well as e-commerce expansion that includes last year’s acquisition of GoJane.com, an e-retailer of women’s shoes and clothes.
Cunningham remains on the board of directors.
"Over the past 12 years, Michael has been an incredible partner and friend, and a highly respected leader within our organization,” says CEO Thomas P. Johnson. “Michael has been a key contributor to the evolution of our business as a multi-brand and multi-national specialty retailer.”
Aéropostale named no new president, but said that Johnson takes over responsibilities for information technology. Marc D. Miller, executive vice president and chief financial officer, will oversee planning and allocation, while and Mary Jo Pile, executive vice president, customer engagement, now handles construction, logistics and real estate.