BUSINESS
01/14/2014 08:32 am ET Updated Jan 23, 2014

Abercrombie's Notorious CEO Is Losing Some Power

AP

As Abercrombie & Fitch CEO Mike Jeffries’ grip over the company he built grows more tenuous, Chief Financial Officer Jonathan Ramsden has assumed more decision-making authority within the organization, becoming a confidante to Jeffries and a force for change at the retailer both internally and externally, sources said.

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