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Urban Outfitters CEO Steps Down

Urban Outfitters CEO Glen T. Senk resigned on Monday. The company named chairman and co-founder Richard Hayne as his replacement. Senk joined the Philadelphia-based company in 1994 as president of Anthropologie. He became a director in 2004 and CEO in 2007. Senk indicated that he plans to pursue another opportunity, but that he will remain with the company for a period of time to assist management with the transition. He has also resigned from the board of directors.

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