3/29/2023, 1:09 PM (Source: TeleTrader)
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Chart for: Macy's Inc

Macy's CEO to retire in February 2024

Macy's Inc. announced on Wednesday in a statement that CEO Jeff Gennette (pictured) will be retiring in February, next year, after being with the company for four decades.

"Following a rigorous succession planning process that included an internal and external search, Tony Spring, Macy’s, Inc. executive vice president and Bloomingdale’s chairman and chief executive officer, has been appointed by the board of directors as Macy’s, Inc. president and CEO-elect, and a member of the board of directors," the company shared.

Genette welcomed Spring's appointment, stating that he has been "an ally and trusted partner in advancing" the company's strategies and is an "exceptional brand builder."

Baha Breaking News (BBN) / AY