Urban Outfitters: Glen Senk (CEO)
Why this is a big quit:
Urban Outfitters is the parent company of several popular clothing brands including Anthropologie and Free People. Senk joined the company in 1994 when Anthropolgie was only a single-store prototype. His creativity, passion, and effort have led the company to grow and develop to its current stage. Urban Outfitters shares tumbled 14% after the news broke. As the economy is slowly recuperating, Senk’s departure means a critical loss of top core talent that challenges the recovery of Urban Outfitters.
Why it’s not as big as our Top 10:
Under Senk’s leadership, Urban Outfitters did not escape the negative impact of the economic crisis as its performance has been declining in the past few years. It appeared that Senk jumped the ship because he could not steer it in the right direction.