Streamlined assignments redeploy leadership
talent in realigned structure, including in merchandising,
merchandise planning, marketing and technology
Macy’s, Inc. (NYSE:M) today announced a series of new senior
executive appointments as the company continues to deepen its focus
on driving profitable sales growth as a leading omnichannel
retailer and innovator.
These moves, in conjunction with restructured omnichannel
capabilities announced on Jan. 8, 2015, fully align the company’s
management and organization in key functions – such as
merchandising, merchandise planning, marketing and technology – to
drive internal growth. Moreover, the company is applying talent and
resources to develop new types of growth opportunities.
(Editor’s Note: Macy’s, Inc. this afternoon also issued separate
news releases on preliminary 2014 financial results and announcing
an agreement to acquire Bluemercury, Inc.)
“Macy’s, Inc. has developed into a very powerful growth story
with significant opportunity still ahead. We have profitably grown
total sales by more than $5 billion over the past five years with a
slight decline in the number of stores. Our company benefits from
extraordinary and deep talent at all levels, and we are creating
new opportunities for well-rounded and experienced executives who
understand the value of placing the customer at the center of all
decisions as shopping patterns evolve,” said Terry J. Lundgren,
Macy’s, Inc. chairman and chief executive officer. “These
management assignments allow some of our most senior people to
apply their expertise in new directions and to take our company to
the next level of success.”
All changes were effective January 31, 2015.
Jeff Gennette, president of Macy’s, Inc., will concentrate more
of his time on facilitating broader growth strategies within Macy’s
existing omnichannel businesses to attract new shoppers to Macy’s
unparalleled offering of market and private brands, and to
strengthen customer relationships, consistent with Macy’s single
view of the business across stores, online and mobile. Going
forward, Gennette will oversee Macy’s merchandise planning, as well
as maintain oversight responsibility for merchandising and
marketing of Macy’s stores and digital, and private brand product
development. He continues to report to Lundgren. In broadening his
purview, Gennette has relinquished his day-to-day responsibilities
as Macy’s chief merchandising officer.
Among Gennette’s direct reports:
- Timothy G. Baxter, previously Macy’s
executive vice president and general merchandise manager for
ready-to-wear, has been promoted to succeed Gennette as Macy’s
Chief Merchandising Officer.
- Molly Langenstein, previously executive
vice president for men’s and kids private brands, has been promoted
to Macy’s Chief Private Brands Officer, succeeding Tim Adams (see
below).
- Patti H. Ongman, previously executive
vice president for omnichannel strategies, has been promoted to
Macy’s Chief Merchandise Planning Officer, succeeding Julie
Greiner, who will retire later this year (see below).
- Martine Reardon continues in her role
as Chief Marketing Officer, now with responsibility for all Macy’s
omnichannel market presence and strategy, including brand,
promotional, store, digital and events marketing activity, as well
as customer analytics.
Peter Sachse, Macy’s chief stores officer since 2012, has moved
to a new role as Macy’s Chief for Innovation and Business
Development. He will continue to report to Lundgren. In this
capacity, Sachse will oversee current and future growth
initiatives, including international development, exploration of a
Macy’s off-price strategy, potential new store formats, expansion
of the company’s offering for wedding-related occasions and
gifting, and application of technology to the shopping experience.
Sachse will draw on his deep experience in senior leadership roles
in stores, ecommerce, marketing and merchandising over the course
of his career at Macy’s.
Among those now reporting to Sachse are:
- Tim M. Adams, previously Chief Private
Brands Officer, who will focus more time and attention to his
ongoing duties studying international development opportunities for
Macy’s and Bloomingdale’s with a new title of Chief for
International Business Development.
- Kent Anderson, who has served as
President of macys.com since 1998, will assume a new role as
President for Innovation.
Jeff Kantor, previously chairman of macys.com, has become Macy’s
Chief Stores Officer, reporting to Lundgren. Kantor will oversee
all aspects of stores strategy, management and operations,
including the field stores organization of regions, districts and
stores with responsibility for localizing the customer shopping
experience and customer engagement. Kantor also is responsible for
store visual merchandising, store design and construction, and real
estate.
R.B. Harrison continues in his role as Macy’s, Inc. Chief
Omnichannel Officer with responsibility for coordinating
omnichannel retailing strategies, as well as oversight of systems,
technology, logistics, fulfillment and distribution for Macy’s and
Bloomingdale’s. Going forward, he will assume responsibility for
the technology infrastructure, programming, site development and
analytics for macys.com and bloomingdales.com – bringing together
all of the company’s technology capabilities under a single
executive officer. He continues to report to Lundgren.
Julie Greiner Retirement
Julie Greiner, Macy’s Chief Merchandise Planning Officer since
2009, will retire from the company in August 2015 after a
distinguished 40-year career with Macy’s, Inc. and its predecessor
companies. Until August, she will remain on the Executive Committee
to assist in the transition in Merchandise Planning and lead
special merchandising projects with Gennette.
“Julie Greiner has been a key driver of Macy’s strategies for
localization, assortment planning and inventory allocation over the
past six years, as well as a strong voice in all strategy
decisions,” Lundgren said. “Throughout her career, including as
chairman and CEO of the Macy’s Florida division and in various
senior roles at Bloomingdale’s, Julie has proven herself to be an
inspirational leader with a high level of integrity and an
insightful, intelligent viewpoint on how best to serve customers.
We are delighted that Julie will remain on board and continue to
contribute to our success in the coming months.”
Ongoing Macy’s, Inc.
Roles
William S. Allen continues in his role as Macy’s, Inc. Chief
Human Resources Officer, with responsibility for all human
resources functions, corporate communications and aviation, as well
as administrative responsibility for law functions. He continues to
report to Lundgren.
Karen M. Hoguet continues as Macy’s, Inc. Chief Financial
Officer with responsibility for all finance, control and treasury
functions; credit and customer services; enterprise risk
management; and sustainability, as well as administrative
responsibility for internal audit. She continues to report to
Lundgren.
Tony Spring remains chairman and chief executive officer of
Bloomingdale’s with responsibility for all facets of the
Bloomingdale’s brand, including merchandising, marketing,
operations, stores and online. He continues to report to
Lundgren.
Executive Bios
Tim Adams, 61, has been Macy’s chief private brands officer
since February 2009 and previously served as chairman and CEO of
Macy’s Home Store since July 2005. From 2001 to 2005, he was
chairman of the Macy's Florida division. For the previous three
years, he was president of The Bon Marché in Seattle. Adams began
his retail career at Macy's in Atlanta in 1976. In 1989, he joined
Macy’s West in San Francisco as a merchandise administrator and
rose to become EVP/general merchandise manager in 1994. A native of
Atlanta, Adams holds a degree from the University of Georgia. He
lives in the New York City area.
Kent Anderson, 60, has served as president of macys.com since
its inception in 1998. Previously, he was senior vice president and
chief financial officer of Macy’s West since 1995. Anderson began
his retail career in 1978 at Dayton Hudson Corporation and joined
Macy’s in 1983 at the Macy’s Kansas City division and served in
roles of increasing responsibility. A native of Denver, Anderson is
a graduate of Colorado State University and lives in the San
Francisco Bay area.
Bill Allen, 57, was named Macy’s, Inc. chief human resources
officer in February 2013. Previously, he was senior vice president
for global human resources at AP Moller-Maersk A/S, a large and
diverse company with interests in transportation and energy
businesses based in Copenhagen, Denmark. He joined that company in
2003 as senior vice president for human resources and
communications in New Jersey before moving to Copenhagen in a
global role in 2006. Previously, he served in senior-level human
resources roles at Atlas Air Worldwide Holdings and at the Pizza
Hut and Frito-Lay divisions of PepsiCo. Allen began his career at
RCA Corporation. A native of Scotch Plains, NJ, he holds a
bachelor’s degree from Auburn University and a master’s degree from
the University of North Texas. He lives in the New York City
area.
Tim Baxter, 45, has served as Macy’s executive vice president
and general merchandise manager for ready-to-wear since April 2013.
For more than 23 years, he has served in a variety of merchant
roles for Macy’s and The May Department Stores Company (acquired by
Macy’s, Inc. in 2005). Baxter began his career as an executive
trainee and assistant buyer at L.S. Ayres in Indianapolis in 1991
and has served in roles of increasing responsibility in a wide
range of merchandising categories. He led Macy’s fashion office,
multicultural business development and licensed business from March
2012 to April 2013. Baxter, a native of Toledo, Ohio, graduated
from Miami University (Ohio). He lives in the New York City
area.
Jeff Gennette, 53, was named president of Macy’s, Inc. in March
2014 after serving as Macy’s chief merchandising officer since
February 2009. Previously, he served as chairman and CEO of Macy’s
West since February 2008 after serving as chairman of Macy's
Northwest in Seattle and executive vice president and director of
stores for Macy's Central in Atlanta. Prior to that, Gennette was
SVP/general merchandise manager at Macy's West. Gennette joined
Macy's West in 1983 as an executive trainee and also has served
with FAO Schwarz and Broadway stores. A native of San Diego,
Gennette lives in the New York City area. He is a graduate of
Stanford University.
Julie Greiner, 61, has been Macy’s chief merchandise planning
officer since February 2009. Previously, she was chairman and CEO
of Macy’s Florida since July 2005. Greiner served as senior
executive vice president of the company's Bloomingdale's division
and was its director of stores from 1998 to 2005. Greiner began her
retailing career in 1975 at J. W. Robinson's in Los Angeles and
rose through positions of increasing responsibility in the
merchandising and stores organizations. She joined Bloomingdale’s
in October 1993. Greiner, a native of southern California, holds a
degree from California State University, Fullerton. She lives in
the New York City area.
R.B. Harrison, 51, has served as Macy’s chief omnichannel
officer since February 2013 and executive vice president for
omnichannel strategy since July 2012, having previously been
executive vice president for finance since 2011, president for
stores since 2009 and president and chief operating officer of
Macy’s West since 2008. Harrison became president and chief
operating officer of Macy’s Northwest in February 2006 following
Macy’s, Inc.’s acquisition of May Company. Previously, he had been
chairman of Robinsons-May since October 2004, having served as the
division’s senior vice president and chief financial officer since
June 2002, as well as the senior vice president for finance of the
Meier & Frank division before it was merged with Robinsons-May.
A native of Pittsburgh, Harrison began his career at the Kaufmann’s
division in 1986 as an accounting analyst and served in positions
of increasing responsibility before becoming vice president and
controller of Kaufmann’s. Harrison holds a bachelor’s degree from
Pennsylvania State University and an MBA from the University of
Pittsburgh. He lives in the New York City area.
Karen Hoguet, 58, has served as Macy’s, Inc.’s chief financial
officer since 1997. Upon joining the company in 1982 from the
Boston Consulting Group in Chicago, she served as a senior
consultant in marketing and long-range planning from 1982 to 1985
before being named director of capital and business planning.
Hoguet was named operating vice president of planning and financial
analysis in 1987, elected a corporate vice president in 1988 and as
senior vice president of planning in 1991. She added the title of
corporate treasurer a year later, and subsequently assumed
responsibility for tax, accounting and other financial functions. A
native of Cincinnati and a Phi Beta Kappa graduate of Brown
University, Hoguet received an MBA from Harvard University. She
lives in Cincinnati.
Jeff Kantor, 55, was named chairman of macys.com in February
2012 after serving as macys.com’s president for merchandising since
August 2010. Previously he was Macy’s president-merchandising for
home since May 2009. From February 2006 to May 2009, Kantor was
president for furniture for Macy's Home Store. For the previous two
years, Kantor was president of the Hecht’s/Strawbridge’s division
of The May Department Stores Company, which was acquired by Macy’s,
Inc. in 2005. He also served as senior vice president and general
merchandise manager for cosmetics, accessories, dresses, suits,
intimate apparel and hosiery at the Boston-based
Filene’s/Kaufmann’s division of May Company. A native of Belmont,
MA, Kantor joined Filene’s in Boston in 1981 as an assistant buyer
for men’s. He is a graduate of the University of
Massachusetts-Amherst and lives in the New York City area.
Molly Langenstein, 51, has served as executive vice president
for men’s and kids at Macy’s Private Brands since April 2014.
Previously, she was Macy’s executive vice president for fashion and
new business development and general merchandise manager for
categories appealing to customers in the Millennial generation. Her
30-year merchandising career has included assignments as general
merchandise manager for men’s and kids at Macy’s Florida (Miami),
for Millennial at Macy’s West (San Francisco), and for
ready-to-wear at Macy’s North (Minneapolis) since joining
Miami-based Burdines in 1985. Langenstein also served briefly as a
merchandising executive at May D&F. A native of Ohio,
Langenstein holds a degree from Kent State University and lives in
the New York City area.
Patti Ongman, 58, was named executive vice president for
omnichannel strategy in June 2014 after more than three years as
executive vice president and general merchandise manager for
handbags, accessories and intimate apparel and two years as
executive vice president and general planning manager for cosmetics
and shoes. Ongman joined Macy’s in 1979 as a sales manager at
Davison’s in Atlanta and has served in a wide variety of roles
across multiple families of business, including as a general
merchandise manager for ready-to-wear at Macy’s West and Macy’s
Northwest, regional vice president at Macy’s Home Store and store
manager at Macy’s West. Ongman holds a degree from the University
of Alabama.
Martine Reardon, 52, was named Macy’s chief marketing officer in
February 2009 after serving as executive vice president for
marketing since February 2009. Previously, Reardon served since
2007 as executive vice president, national marketing strategy,
events and public relations for Macy’s Corporate Marketing. Prior
positions included senior vice president for marketing and sales
promotion at New York-based Macy’s East. Following the merger of
Federated Department Stores and R.H. Macy & Co. in 1994, she
was named vice president of media overseeing the Macy’s/Federated
marketing effort. Reardon began her retail career in special events
at Federated’s Abraham & Straus division in Brooklyn in 1984. A
native of New York City, Reardon lives in the New York City area.
She holds a degree from St. Francis College in Brooklyn.
Peter Sachse, 56, was named Macy’s chief stores officer in
February 2012. He previously was Macy’s chief marketing officer
since February 2009, along with serving as chairman and CEO of
macys.com since April 2006. He was president of Macy’s Corporate
Marketing from 2003 to 2006. Prior to serving in these roles,
Sachse was president and chief operating officer of The Bon Marché
in Seattle. He began his retail career with Macy's in Kansas City
and was a division merchandise manager at Macy’s/Bullock's in
Atlanta. He was also executive vice president/general merchandise
manager at Macy's East and was later promoted to vice
chair/director of stores of Macy’s East. A native of Sheboygan, WI,
Sachse lives in the New York City area. He holds a degree from the
University of Wisconsin.
Tony Spring, 49, was promoted to Bloomingdale’s chairman and CEO
in October 2013 after serving as president and chief operating
officer since 2008. He began his Bloomingdale’s career in 1987 as
an executive trainee in the White Plains, NY, store. Since that
time, he rose through the ranks in positions with responsibility
for home furnishings merchandising, marketing, direct-to-consumer
and restaurants before being promoted to senior executive vice
president and director of stores, with additional responsibility
for Bloomingdale’s shopping services and creative services. Spring,
a native New Yorker, holds a degree from Cornell University. He
lives in the New York City area.
Macy’s, Inc., with corporate offices in Cincinnati and New York,
is one of the nation’s premier retailers, with fiscal 2013 sales of
$27.931 billion. The company operates about 825 stores in 45
states, the District of Columbia, Guam and Puerto Rico under the
names of Macy’s and Bloomingdale’s, as well as the macys.com and
bloomingdales.com websites. The company also operates 13
Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated
by Al Tayer Group LLC under a license agreement.
All statements in this press release that are not statements of
historical fact are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
statements are based upon the current beliefs and expectations of
Macy’s management and are subject to significant risks and
uncertainties. Actual results could differ materially from those
expressed in or implied by the forward-looking statements contained
in this release because of a variety of factors, including
conditions to, or changes in the timing of, proposed transactions,
prevailing interest rates and non-recurring charges, competitive
pressures from specialty stores, general merchandise stores,
off-price and discount stores, manufacturers’ outlets, the
Internet, mail-order catalogs and television shopping and general
consumer spending levels, including the impact of the availability
and level of consumer debt, the effect of weather and other factors
identified in documents filed by the company with the Securities
and Exchange Commission.
(Note: additional information on Macy’s, Inc., including past
news releases, is available at www.macysinc.com/pressroom).
Macy’s, Inc.Media - Jim Sluzewski, 513-579-7764orInvestor - Matt
Stautberg, 513-579-7780
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