Federated Department Stores Inc announced new presidents for its New York-based Macy's East division and Miami-based Macy's Florida division.
Mark S. Cosby, Federated's senior vice president for property development, has been named president and chief operating officer of Macy's East, effective June 4, 2007. He replaces James E. Gray, who is retiring after a distinguished 46-year career with the company. Cosby will join Ron Klein, chairman and chief executive officer, as the principal team at Macy's East.
J. David Scheiner, previously vice chairman and director of stores at Macy's Florida, has been named president and chief operating officer of that division. Along with Julie Greiner, chairman and chief executive officer, Scheiner remains a principal of Macy's Florida. He replaces Nirmal K. "Trip" Tripathy, former president of Macy's Florida, who has left the company to pursue another opportunity.
"We are fortunate that we have executives of the caliber of Mark Cosby and David Scheiner to fill these key operating roles," said Federated Vice Chair Susan D. Kronick, who oversees Federated's retail divisions, including Macy's East and Macy's Florida. "Both Mark and David are experienced leaders who have a track record of success in managing the operations of complex organizations, as well as a clear understanding of our customer and business priorities.
"As Jim Gray retires from Macy's East, we will miss his broad experience and deep commitment to the company," Kronick said. "Jim is a truly special individual who has been president of three Federated divisions over the past 22 years. He is a friend and trusted colleague to everyone in our management organization."