Arturo Nuñez
ABERCROMBIE & FITCH CO /DE/About Arturo Nuñez
Arturo Nuñez, age 58, is an independent director of Abercrombie & Fitch Co. since 2023, serving on the Audit and Finance Committee (AFC) and the Environmental, Social, and Governance Committee (ESGC) . He was appointed to the Audit Committee effective June 12, 2024 . His background spans senior marketing leadership across global consumer brands and digital finance .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| AIE Creative | Founder & CEO | May 2018–Jun 2021; Dec 2022–present | Brand strategy, immersive marketing |
| Nu Holdings Ltd. (Nubank) | Chief Marketing Officer | Jul 2021–Nov 2022 | Led global marketing across Brazil, Mexico, Colombia |
| Apple Inc. | Head of Marketing, Latin America | Sep 2014–Apr 2018 | Regional marketing leadership |
| NIKE, Inc. | Global VP, Basketball Marketing | Jul 2012–Aug 2014 | Global category marketing |
| National Basketball Association | VP & Managing Director, NBA Latin America | Mar 2003–Jul 2007 | Regional general management |
External Roles
| Organization | Role | Tenure | Committees |
|---|---|---|---|
| The Estée Lauder Companies Inc. (NYSE: EL) | Director | Apr 2022–present | Audit; Compensation |
Board Governance
- Independence: The Board determined Nuñez is independent under NYSE rules (fiscal 2024/2025 determinations) .
- Committees: Audit and Finance Committee member (appointed June 12, 2024); ESG Committee member (appointed June 12, 2024) .
- Meeting cadence: Board held 12 regular and 3 special meetings in fiscal 2024; executive sessions of non-associate directors occurred 7 times .
- Attendance: Each director attended at least 75% of Board and applicable committee meetings in fiscal 2024 (Nuñez included) .
- Audit Committee composition: 4 independent directors; financial experts designated are Anderson, McCluskey, Robinson; all members meet heightened independence/financial literacy requirements .
- Committee activity: Audit met 9 times; ESG met 3 times in fiscal 2024 .
Fixed Compensation
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Fees Earned or Paid in Cash ($) | $18,163 | $104,210 |
| Total Director Compensation ($) | $18,163 | $254,235 |
Notes: 2023 reflects partial-year service and no RSU grant (not serving at grant date) . 2024 includes annual cash retainer plus committee retainers paid quarterly in arrears .
Performance Compensation
| Grant Date | RSUs Granted (shares) | Grant Date Fair Value ($) | Fair Value per RSU ($) | Vesting Terms | Outstanding RSUs at 2/1/2025 |
|---|---|---|---|---|---|
| Jun 12, 2024 | 780 | $150,025 | $192.34 | RSUs vest on the earlier of 1-year anniversary or next annual meeting; subject to accelerated vesting on death/total disability or change in control | 780 |
Program structure reference (non-associate directors): Annual RSU grant with $150,000 grant-date fair value (granted on annual meeting date) .
Performance metrics: Director RSUs are time-based; no performance conditions disclosed .
Other Directorships & Interlocks
| Company | Sector Overlap with ANF | Role | Committees | Tenure |
|---|---|---|---|---|
| The Estée Lauder Companies Inc. | Beauty products vs apparel retail | Director | Audit; Compensation | Apr 2022–present |
- Related person transactions: None disclosed for fiscal 2024 .
- Independence safeguards: RPT policy administered by Nominating Committee and General Counsel; annual questionnaires; approval/ratification process; ongoing review .
Expertise & Qualifications
- Public company board, CEO experience, retail/apparel, omnichannel/digital commerce, marketing/branding, global/international, technology & information security, corporate governance, environmental & social .
Equity Ownership
| As-of Date | Beneficial Ownership (shares) | Percent of Class | Shares Issuable within 60 Days | Reference Outstanding Shares |
|---|---|---|---|---|
| Apr 14, 2025 | 780 | <1% | 780 (RSUs vesting by Jun 13, 2025) | 47,638,631 shares outstanding |
- Director stock ownership guidelines: Non-associate directors must hold 5x annual cash retainer; until met, retain 50% of net shares from RSU vesting .
- Compliance status: At fiscal 2024 annual review, all executive officers and non-associate directors had satisfied, were on track to satisfy, or were compliant with retention requirements .
- Pledging/hedging: Company compensation “practices we avoid” include pledging of equity securities and derivatives/hedging; robust ownership guidelines in place .
Insider Trades
| Filing Date | Form | Summary |
|---|---|---|
| Jun 13, 2025 | Form 4 | Statement of changes in beneficial ownership (see SEC document) |
| Jun 17, 2025 | Form 4 (PDF) | Additional Form 4 filing (see SECDatabase PDF) |
Governance Assessment
- Board effectiveness: Nuñez strengthens marketing, digital, and global perspective; active on Audit and ESG committees with regular meeting cadence (Audit: 9; ESG: 3), and Audit membership adds oversight depth on non-GAAP metrics, ERM, cybersecurity .
- Independence & attendance: Affirmed independent status and compliant attendance, supporting investor confidence .
- Compensation alignment: Standard director mix—cash retainer plus time-based RSUs (no performance conditions), with strong ownership guidelines and retention requirements; 2024 equity grant reflects standard $150k annual policy .
- Conflicts & related parties: No related person transactions disclosed; Nominating Committee-administered RPT policy mitigates conflict risk .
- Cross-board service: EL board service could offer consumer insights without direct competitive conflict (beauty vs apparel); vigilance on information-sharing expected; independence policies in place .
RED FLAGS
- None disclosed: Independence affirmed; related person transactions “None”; attendance compliant; no pledging/hedging permitted under stated practices .
Signals to monitor
- Audit Committee role without “financial expert” designation (others designated) ; continued engagement/attendance and contributions on cybersecurity and ERM oversight .
- Ownership guideline attainment over time versus cash retainer increases; director RSU vesting and retention compliance .