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American Eagle names Ravi Thanawala CFO, replacing Mike Mathias

Created at 1 Jul · 8:41 PM1 source↑ Market-relevant
IN SHORT

American Eagle Outfitters has appointed Ravi Thanawala as its new Chief Financial Officer, succeeding Mike Mathias. Thanawala joins from Papa John's, where he held the CFO role and also served as interim CEO.

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Key Numbers

August 3Thanawala's effective date as CFO
November 2025Thanawala's start date as Papa John's CFO
three yearsThanawala's tenure as Nike's North America CFO
25 yearsMathias' tenure at American Eagle
1998Mathias' start year at American Eagle
April 2020Mathias' appointment as CFO
March 2024 to August 2024Thanawala's interim CEO tenure at Papa John's

Who's Involved

Ravi Thanawala
Incoming CFO of American Eagle, formerly CFO and interim CEO of Papa John's
Mike Mathias
Outgoing CFO of American Eagle, transitioning to strategic advisor
Jay Schottenstein
CEO of American Eagle
Todd Penegor
President and CEO of Papa John's
Chris Lyn-Sue
Senior Vice President, General Manager of International at Papa John's
Joe Sieve
Former Chief Restaurant and Global Development Officer at Papa John's
American Eagle names Ravi Thanawala CFO, replacing Mike Mathias

↳ Why This Matters

The appointment of a new CFO can signal strategic shifts or a focus on financial discipline for a company. Thanawala's background at major consumer brands like Nike and Papa John's suggests a focus on operational execution and financial strategy for American Eagle.

Key facts

  • Ravi Thanawala has been appointed Chief Financial Officer of American Eagle Outfitters.
  • Thanawala joins American Eagle from Papa John's, where he was CFO and interim CEO.
  • Mike Mathias, the outgoing CFO, will become a non-executive strategic advisor.
  • Mathias has a 25-year tenure at American Eagle.
  • American Eagle reaffirmed its financial guidance for the second quarter and full year.

American Eagle Outfitters has appointed Ravi Thanawala as its new Chief Financial Officer, a move that will be effective August 3. Thanawala joins the denim retailer from Papa John's, where he most recently served as CFO and Executive Vice President of International, and also held the position of interim CEO from March to August 2024. He replaces Mike Mathias, a long-serving executive at American Eagle who will transition to a full-time non-executive strategic advisor role to CEO Jay Schottenstein.

Thanawala brings extensive financial leadership experience to American Eagle. Prior to his roles at Papa John's, he was the CFO of Nike's North America business for approximately three years and also served as Global VP and CFO of the Converse brand. His career also includes eight years at ANN INC., where he held various finance and operations roles, including CFO of the ANN INC. business.

Mike Mathias has been with American Eagle for 25 years, joining in 1998. He held several finance positions before being named CFO in April 2020. The company also reiterated its second-quarter and full-year 2026 financial forecasts previously shared in May.

Frequently asked questions

Ravi Thanawala is the newly appointed Chief Financial Officer of American Eagle Outfitters. He previously held CFO and interim CEO roles at Papa John's and served as CFO for Nike's North America business.

Chris Lyn-Sue has been promoted to Senior Vice President, General Manager of International at Papa John's, and will lead the International business, while Thanawala's CFO responsibilities were also mentioned in his promotion.

Mike Mathias will transition to a full-time non-executive strategic advisor role to American Eagle's CEO, Jay Schottenstein.

The change is effective August 3.

What Happens Next

01Ravi Thanawala assumes CFO duties on August 3.
02Mike Mathias begins his role as strategic advisor.

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Cadence

How It Developed

American Eagle named Ravi Thanawala as its new CFO, effective August 3.
Thanawala previously served as CFO of Papa John's and interim CEO.
He also held CFO roles at Nike's North America business and Converse.
Mike Mathias, who has been with American Eagle for 25 years, will transition to a strategic advisor role.
American Eagle reiterated its financial forecasts for the second quarter and full year.

Sources

T1
American Eagle names Papa John's executive Ravi Thanawala as CFOReuters
T2
Papa Johns Promotes Ravi Thanawala to Chief Financial Officer and ...ir.papajohns.com

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