Macy’s, Inc. Appoints Ashley Buchanan and Tracey Zhen to Board of Directors
October 05 2021 - 3:52PM
Business Wire
Appointments Enhance Board’s Expertise in
Retail, Omnichannel Business Transformation, Technology and
Innovation
Macy’s, Inc. (NYSE: M) today announced the appointment of Ashley
Buchanan, chief executive officer of The Michaels Companies
(“Michaels”), and Tracey Zhen, president of Zipcar, to its board of
directors, effective October 5, 2021.
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Ashley Buchanan (Photo: Business
Wire)
As CEO of Michaels since early 2020, Buchanan has led the
company through a significant transformation, including a
reimagined omnichannel experience and strengthened store business
that resulted in record growth, financial and operational
performance. He previously served in various roles at Walmart, most
recently as chief merchant for the U.S. eCommerce business where he
introduced an omnichannel approach to the country’s largest
employer.
Zhen oversees all facets of the business in her role at Zipcar,
the world’s leading car-sharing network, and is focused on
leveraging innovation and technology to grow Zipcar’s position as a
category leader. She brings more than 20 years of experience in
leadership roles at consumer technology companies, including
TripAdvisor and Expedia, where she held general management
positions.
“We are very pleased to welcome these two proven and innovative
leaders to the Macy’s, Inc. board of directors,” said Jeff
Gennette, chairman and chief executive officer of Macy’s, Inc.
“Ashley and Tracey bring valuable and highly relevant expertise
that will help our company continue to execute our Polaris strategy
and drive growth. Ashley brings decades of experience in retail and
a history of overseeing omnichannel transformations efforts at both
Michaels and Walmart. We also look forward to leveraging Tracey’s
global consumer technology background and track record of fueling
innovation and applying technology to deliver growth. Our board and
overall organization will benefit from their fresh perspectives as
we continue to advance our integration of innovative digital
shopping and compelling stores to most effectively meet the needs
of our current and future customers, from off-price to luxury.”
“We are confident that Tracey and Ashley will be strong
additions to our board, bringing skills and experience that
directly align with Macy’s strategy and efforts to position the
company for profitable growth,” said Paul Varga, Macy’s, Inc. lead
independent director. “I look forward to working closely with both
of them as the company continues to build on its momentum.”
“Macy’s is an iconic American retailer, and I am honored to
serve on the board during this transformative moment in its
history,” said Buchanan.
“Macy’s, Inc. is on an exciting trajectory, and I am eager to
work together with the talented board and management team to build
on its momentum, expand its market share and reach new customers,”
Zhen concluded.
With the addition of Buchanan and Zhen, the Macy’s, Inc. board
will comprise 12 members. Buchanan will serve on the Audit
Committee and Zhen will serve on the Nominating and Corporate
Governance Committee.
About Ashley Buchanan
Buchanan, 47, serves as CEO and as a member of the Board of The
Michaels Companies, roles he has held since January 2020. Prior to
Michaels, he served in various roles of increased leadership and
responsibility at Walmart for nearly 11 years, culminating in his
position as chief merchandising and chief operating officer for its
U.S. eCommerce business. During his time at Walmart, Buchanan also
served as chief merchant at Sam’s Club where he led a merchandising
team and oversaw activities including assortment, private brand
strategy, pricing, global sourcing, packaging, replenishment and
supply chain. Earlier in his career, he spent three years at Dell
where he held a variety of positions in finance, after spending
five years at Accenture focused on the retail industry. Buchanan
also serves as a Director at Tree House Foods. He earned a Bachelor
of Business Administration in finance and real estate as well as a
Master of Business Administration from Baylor University.
About Tracey Zhen
Zhen, 44, has served as President of Zipcar since January 2017.
She has nearly two decades of experience in the consumer technology
industry, including senior management roles at TripAdvisor and
Expedia overseeing business strategy, finance, operations, product
development and marketing. At TripAdvisor, she held numerous
general management roles including as Vice President of Housetrip,
a European vacation rental brand, Vice President of Vacation Rental
Supply and Vice President and General Manager of FlipKey, an online
vacation rental marketplace. Prior to that, Zhen spent five years
at Expedia including as General Manager of emerging markets and
strategy, leading international business growth in Europe and
strategic partnerships, as well as Finance Director. She serves as
Co-Chair of the Board of Trustees for the Mass Technology
Leadership Council and on the Advisory Board of the Taubman Center
at the Harvard Kennedy School. Zhen earned a Bachelor of Business
Administration in Finance and Information Systems at New York
University’s Stern School of Business.
About Macy’s, Inc.
Macy’s, Inc. (NYSE: M) is one of the nation’s premier
omnichannel retailers. Headquartered in New York City, the company
comprises three retail brands: Macy’s, Bloomingdale’s and
Bluemercury. With a robust e-commerce business, rich mobile
experience and a national stores footprint, our customers can shop
the way they live — anytime and through any channel. For more
information, visit macysinc.com.
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