Paula A. Price to Join Macy’s, Inc. as Chief Financial Officer
May 23 2018 - 08:15AM
Business Wire
Macy’s, Inc. (NYSE:M) today announced that Paula A. Price will
be appointed chief financial officer, effective July 9, 2018.
Price will be responsible for leading the company’s finance,
accounting, investor relations and internal audit functions. She
will report to Jeff Gennette, Macy’s, Inc. chairman and chief
executive officer, and will be based in New York. Price will
succeed Karen Hoguet who, as previously announced, plans to retire
at the end of the 2018 fiscal year. Ms. Hoguet will remain with
Macy’s, Inc. in an advisory role to support the company during a
transition period until February 2, 2019.
“I’m excited to have Paula join Macy’s, Inc. at such an
important time for our business. She is an accomplished financial
executive with an impressive breadth and depth of retail experience
and will be a great addition to the team. Having led finance in a
variety of complex and dynamic retail organizations, Paula’s
insights and experience will serve Macy’s, Inc. well,” said
Gennette.
“Karen Hoguet is truly one of the great leaders in retail. I
want to again thank her for her outstanding contributions to the
company over the past three decades, for her partnership with me
over the past year, and for her support through this transition,”
said Gennette.
Price joins Macy’s, Inc. with 30 years of finance experience
primarily in retail and consumer-facing businesses. She is
currently a full-time senior lecturer in the accounting and
management unit at Harvard Business School, a role she has held
since 2014.
In her most recent corporate role as executive vice president,
chief financial officer of Ahold USA, Price led a team of over
1,000 across finance, accounting, strategy and planning, real
estate and information technology. She was also responsible for the
successful development and execution of a $1 billion program to
fund Ahold USA’s strategic growth initiatives, which included sales
efforts, customer loyalty and e-commerce initiatives. Prior to her
role with Ahold USA, she served as senior vice president,
controller and chief accounting officer of CVS Caremark
Corporation, where she was a major contributor to the execution of
the CVS/Caremark merger. Earlier in her career, Price held finance
and strategy positions at a variety of retail, consumer products
and financial services companies.
About Paula A. Price
Paula A. Price has 30 years of finance experience mostly from
retail and consumer-facing businesses, including as executive vice
president, chief financial officer of Ahold USA, and senior vice
president, controller and chief accounting officer of CVS Caremark
Corporation. At Ahold, Price was responsible for finance,
accounting and shared services; strategy and planning; real estate
development and construction; not-for-resale sourcing; and
information technology. In addition to leading a team of over
1,000, she delivered a $1 billion program to fund the company’s
strategic growth initiatives. Price has been a full-time senior
lecturer at Harvard Business School and served on the boards of
publicly traded retail and technology companies since 2014. She has
also held senior level roles at other large companies in the United
States and abroad, including JPMorgan Chase, Diageo, Kraft and
Sears. Price is a certified public accountant who began her career
at Arthur Andersen & Co. A Chicago native, Price holds an MBA
with specialization in Finance and Strategy from University of
Chicago Booth School, and a B.Sc. in Accounting from DePaul
University.
About Macy’s, Inc.
Macy’s, Inc. is one of the nation’s premier retailers. With
fiscal 2017 sales of $24.837 billion and approximately 130,000
employees, the company operates approximately 690 department stores
under the nameplates Macy’s and Bloomingdale’s, and more than 160
specialty stores that include Bloomingdale’s The Outlet,
Bluemercury, Macy’s Backstage and STORY. Macy’s, Inc. operates
stores in 44 states, the District of Columbia, Guam and Puerto
Rico, as well as macys.com, bloomingdales.com and bluemercury.com.
Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer
Group LLC under license agreements. Macy’s, Inc. has corporate
offices in Cincinnati, Ohio, and New York, New York.
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version on businesswire.com: https://www.businesswire.com/news/home/20180523005696/en/
Macy’s, Inc.MediaBlair Fasbender Rosenberg,
646-429-6032media@macys.comorInvestorsMonica
Koehler, 513-579-7780investors@macys.com
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