Richard A. Hayne, the CEO of Urban Outfitters, has been a key player in the retail world since co-founding the company in 1970. Born in 1957, he became CEO on January 10, 2012, following the resignation of Glen T. Senk....
Richard A. Hayne, the CEO of Urban Outfitters, has been a key player in the retail world since co-founding the company in 1970. Born in 1957, he became CEO on January 10, 2012, following the resignation of Glen T. Senk. Hayne's leadership has seen him navigate the complexities of a changing retail landscape while focusing on the company’s diverse brands, including Anthropologie and Free People. Interestingly, his family is closely tied to the business: his wife, Margaret Hayne, is the President of the Free People division, and his son and brother are also part of the company. Despite his significant contributions, his total reported compensation was notably low for a CEO at just $55,462 in 2023. This figure includes a $5,000 bonus that wasn't paid out due to unmet performance goals. This underscores a performance-based culture at Urban Outfitters where compensation is tied to the company's success. Additionally, as of recent reports, Hayne personally owns around 19.9% of Urban Outfitters' shares, demonstrating his commitment and investment in the company’s future.