Macy’s, Inc. Announces CFO Transition
April 07 2020 - 6:55AM
Business Wire
Macy’s, Inc. (NYSE: M) announced today that Paula Price,
executive vice president and chief financial officer, has made the
decision to leave the company as of May 31, 2020. She will continue
in her current role until that date, and in order to support a
well-ordered transition, Price will remain an advisor to the
company through November 2020.
An external search is underway for Price’s replacement.
“I want to thank Paula for her leadership and contribution to
Macy’s, Inc. She has built a strong finance leadership team, and we
are fortunate to have a very deep bench to draw on to ensure a
smooth transition,” said Jeff Gennette, chairman and chief
executive officer of Macy’s, Inc. “We will continue to take all
necessary actions to ensure that Macy’s, Inc. emerges from this
pandemic on solid footing and ready to serve our customers. Paula
remains a critical part of our plan, and while I respect her
decision, I also appreciate the long runway she is giving us for
this transition.”
Price has served in her current role with Macy’s, Inc since July
2018.
About Macy's, Inc.
Macy’s, Inc. (NYSE: M) is one of the nation’s premier
omni-channel fashion retailers, with fiscal 2019 sales of $24.6
billion. The company comprises three retail brands, Macy’s,
Bloomingdale’s and Bluemercury. Macy’s, Inc. is headquartered in
New York, New York. For more information, please visit
www.macysinc.com.
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Media - Blair Rosenberg media@macys.com Investors -
Mike McGuire investors@macys.com
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