Abercrombie CFO Moves to Kohl's

The company has started searching for a replacement for Wesley McDonald.
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Abercrombie & Fitch

(ANF) - Get Report

said Wesley McDonald has resigned as the company's chief financial officer to take over the same position at


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The company said Tuesday that it started a search for a successor. In the meantime, Seth Johnson, the company's chief operating officer, will assume McDonald's responsibilities.

Prior to becoming chief operating officer, Johnson served as Abercrombie's financial chief for eight years.

Shares of Abercrombie were gaining 39 cents, or 1.2%, to $32.49. Kohl's was lower by 4 cents at $57.29.