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Jeff Gennette unanimously elected CEO of Macy's
25
Mar '17
Jeff Gennette - President and Chief Executive Officer, Macy
Jeff Gennette - President and Chief Executive Officer, Macy's, Inc.
Jeff Gennette has been unanimously elected as the chief executive officer and president of Macy’s, Inc, one of the premiere retailers, with effect from March 23, 2017. Gennette has succeeded Terry J Lundgren, who will continue as the executive chairman of Macy's headquartered in the US. Prior to CEO, Gennette was the president of Macy's since March 2014.

"Gennette will be a terrific CEO for Macy’s, Inc. He has a deep knowledge of this company, coupled with the vision and determination to continue Macy's transformation for the next generation. He has a proven track record as a successful retail operator, seasoned merchant and business leader and has contributed significantly to the company’s long history of success," said Lundgren. "I have been honoured to lead this great company, am thrilled to be passing the baton to such an exceptional leader, and look forward to my continued role on the board of directors."

"It is a very meaningful day for me as I take on leadership of the company I have worked for and the colleagues I have worked with for more than 30 years. I am honoured to be taking on this role and excited about Macy's prospects. While we certainly have our challenges, we also have great assets and opportunity. No company is better up to the task of re-invention than Macy’s," said Gennette. "I want to personally thank Lundgren for his leadership, his mentorship, and the support he has shown me over my career at Macy's. Lundgren is a legend in retail and no one could have asked for a better teacher," added Gennette.

 "Gennette is an extremely talented executive who has had an enormous impact on the Macy's, Inc. organisation over his tenure. We are confident that he will be a strong leader, guiding the company on the path to growth and increasing shareholder value. On behalf of the entire board of directors, I also want to thank Lundgren for his outstanding leadership. We are happy to continue our partnership with him in his role of executive chairman," said Marna C. Whittington, Macy’s, Inc. lead independent director. (RR)

Fibre2Fashion News Desk – India


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