Macy's appoints Jeff Gennette as CEO
Mr. Gennette was elected president and chief executive officer on March 23, 2017.
Prior to CEO, he was president of Macy's, Inc. since March 2014.
Previously, Mr. Gennett was chief merchandising officer of Macy's, Inc. (formerly known as Federated Department Stores, Inc.), a position to which he was appointed in February 2009.
Mr. Gennett began his retail career in 1983 as an executive trainee at Macy's West in San Francisco.
He held positions of increasing responsibilities, including vice president and division merchandise manager for men's collections, and senior vice president and general merchandise manager for men's and children's.
In 2004, Mr. Gennett was appointed executive vice president and director of stores at Macy's Central in Atlanta.
During his career, he also served as a store manager for FAO Schwarz and director of stores for Broadway Stores, Inc.
From February 2006 to February 2008, Mr. Gennett served as chairman and chief executive officer of Seattle-based Macy's Northwest. February 2008 to February 2009 brought him back to San Francisco as chairman and CEO of Macy's West.
Mr. Gennette succeeds Terry J. Lundgren, who will continue as executive chairman.
Mr. Lundgren is executive chairman of Macy's, Inc. and chairman of the board of directors, roles to which he was elected on March 23, 2017.
Previously, Mr. Lundgren was chairman and chief executive officer of Macy's, Inc. since January 2004, and also served as president and CEO from February 2003 to March 2014.
Prior to 2003, he served as president and chief merchandising officer since May 1997.
Mr. Lundgren began his retailing career in 1975 as a trainee with Bullock's, a Los Angeles-based division of Federated.
He held positions of increasing responsibility over the next decade in buying, store management, human resources and senior-level store management, as well as serving as the division's director of stores.
He was named senior vice president and general merchandising manager of Bullock's in 1984.
In 1987, Mr. Lundgren was named president and chief executive officer of Bullocks Wilshire, then an upscale chain of specialty department stores owned by Federated.
He left Federated in 1988 to join Neiman Marcus, where he served as executive vice president and shortly thereafter was named chairman and chief executive officer.
Mr. Lundgren returned to Federated in April 1994 as chairman and chief executive officer of the Federated Merchandising Group. ■
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