U.S. teen apparel retailer American Eagle Outfitters Inc
O'Donnell has been the chief executive of the retailer since 2003.
Chairman Jay Schottenstein is heading the board's search to find a new chief executive, the Journal said.
American Eagle's spokeswoman declined to comment to the paper. The company was not immediately available for comment outside regular U.S. business hours.
(Reporting by Sakthi Prasad in Bangalore; Editing by Muralikumar Anantharaman)