American Eagle Outfitters announced Wednesday that it is bringing in Ravi Thanawala as its new chief financial officer, with the change set to take effect on August 3.
Thanawala is currently serving as CFO at pizza chain Papa John’s, a position he has held since November 2025. Before that, he spent roughly three years as CFO of Nike’s North America division prior to joining Papa John’s in 2023.
He takes over from Mike Mathias, who has deep roots at the denim retailer. Mathias first joined the company back in 1998 as a finance manager overseeing stores and operations, and worked his way through several positions before briefly departing in 2016. He returned the following year and was elevated to the CFO role in April 2020.
Once Thanawala officially assumes his duties, Mathias will move into a full-time non-executive role as a strategic advisor to CEO Jay Schottenstein, according to the company.
American Eagle also took the opportunity to reaffirm its financial outlook for both the second quarter and the full year of 2026, maintaining the projections it had previously released in May.
