CEO, COB, 10%
Richard A. Hayne is the Founder, Chairman, CEO, and President of Urban Outfitters, Inc. (URBN), a lifestyle retail company headquartered in Philadelphia.[[1]](https://businessexecutives.wordpress.com/2016/01/28/richard-hayne-urban-outfitters-founder-ceo-2/)[[2]](https://www.goodreturns.in/richard-hayne-net-worth-and-biography-blnr2402.html)[[4]](https://www.urbn.com/who-we-are/senior-leadership) Born on May 26, 1947, he graduated from Lehigh University with a degree in anthropology and co-founded Urban Outfitters in 1970 with his then-wife Judy Wicks, starting with $4,000 near the University of Pennsylvania campus; the initial store, originally named The Free People's Store, was renamed Urban Outfitters in 1976 as the hippie era ended.[[1]](https://businessexecutives.wordpress.com/2016/01/28/richard-hayne-urban-outfitters-founder-ceo-2/)[[2]](https://www.goodreturns.in/richard-hayne-net-worth-and-biography-blnr2402.html)[[5]](https://www.youtube.com/watch?v=vCeDNkDNOBo) Hayne assumed the CEO role in 2012 following Glen Senk's departure and has led URBN's expansion to over 700 stores and restaurants across brands including Urban Outfitters, Anthropologie, Free People, FP Movement, Nuuly, Terrain, and Menus & Venues, primarily targeting young adults and affluent women.[[1]](https://businessexecutives.wordpress.com/2016/01/28/richard-hayne-urban-outfitters-founder-ceo-2/)[[3]](https://www.modaes.com/global/profiles/richard-hayne)[[4]](https://www.urbn.com/who-we-are/senior-leadership)
Hayne's career highlights include growing URBN from a single store to a global portfolio generating billions in revenue, launching key brands like Anthropologie in 1992, and fostering a creative culture that attracts talent.[[1]](https://businessexecutives.wordpress.com/2016/01/28/richard-hayne-urban-outfitters-founder-ceo-2/)[[4]](https://www.urbn.com/who-we-are/senior-leadership)[[5]](https://www.youtube.com/watch?v=vCeDNkDNOBo) His wife, Margaret Hayne, serves as President of Free People and on URBN's board.[[1]](https://businessexecutives.wordpress.com/2016/01/28/richard-hayne-urban-outfitters-founder-ceo-2/) Hayne has served on boards including Drexel University and Springside Chestnut Hill Academy, and engaged in philanthropy supporting organizations like GLSEN and the National Center for Lesbian Rights, amid past controversies over political donations and product decisions.[[2]](https://www.goodreturns.in/richard-hayne-net-worth-and-biography-blnr2402.html)[[3]](https://www.modaes.com/global/profiles/richard-hayne)
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