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Nordstrom CFO Mike Koppel to retire

Mike KoppelNordstrom announced that executive vice president and chief financial officer Mike Koppel has shared his plans to retire from the company in spring 2017.

Mr. Koppel joined Nordstrom in 1999 and has been the company's Chief Financial Officer since 2001.

READ MORE Nordstrom adds Tanya Domier to board of directors

Mr. Koppel spent more than 13 years with the May Company (1984 - 1997) in a variety of positions, including controller for its Filene's division. With G. Fox & Company, he held a number of finance positions and had responsibilities for merchandise planning.

Mr. Koppel also led the consolidation of various systems reporting on sales, margin and inventory performance that were later adopted by the entire May Company organization.

Prior to joining Nordstrom, he was chief operating officer of CML Group where he oversaw the sale of its subsidiaries, Nordic Track and Smith & Hawken.

From 1997 to 1998, he was chief financial officer at LIDS Corporation and executed a 200 store expansion plan over two years.

Mr. Koppel will remain in his role until then to support the search for a new CFO and assist with his successor's transition.


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