Urban Outfitters Inc.
promoted its finance chief to chief operating officer, a move that comes as the number of COOs at large U.S. companies is declining.
The Philadelphia-based fashion and home goods retailer said Tuesday that Chief Financial Officer Frank Conforti has been named COO and co-president. Mr. Conforti has served as Urban Outfitters’s CFO since 2012. He will continue in the CFO role while the company searches for a replacement.
Mr. Conforti succeeds current COO Calvin Hollinger, who plans to leave at the end of the month after five years in the role and 16 years with the company, Urban Outfitters said.
Mr. Conforti’s promotion—part of a broader reshuffle at the top—followed an announcement by
Tupperware Brands Corp.
earlier in the day to expand the purview of its CFO.