Starbucks Executive, Annie Young-Scrivner, Joins Macy’s, Inc. Board of Directors
June 23 2014 - 11:00AM
Business Wire
Annie Young-Scrivner, executive vice president of Starbucks
Coffee Company and president of its Teavana business, has been
elected to the Macy’s, Inc. (NYSE:M) board of directors, effective
today.
“Annie Young-Scrivner is an extraordinarily talented executive
and business leader with an impressive track record of success in
marketing, brand-building and innovation on a regional, national
and international level. She will be a significant asset to our
company, given the important role that our directors play in
guiding the company’s strategic direction in satisfying emerging
consumer demand,” said Terry J. Lundgren, Macy’s, Inc. chairman and
chief executive officer. “Most striking is Young-Scrivner’s
consistent level of achievement in driving business results in
every step of her career. At Macy’s, she will be part of an
unusually diverse board that keenly understands the dynamic
customer marketplace served by our omnichannel brands. Moreover, we
expect she will be an inspiration to the talented individuals who
are advancing through the ranks of leadership at Macy’s and
Bloomingdale’s.”
The addition of Young-Scrivner brings the size of Macy’s, Inc.’s
board of directors to 11 members. Of the 10 independent directors,
five are women.
In February 2014, Young-Scrivner, 45, was named president of
Teavana, a rapidly growing tea retailer acquired by Starbucks a
year ago, with more than 350 stores in the U.S., Canada, Mexico and
the Middle East. Young-Scrivner has served in several of the
company’s key leadership roles since 2009, including president,
Starbucks Canada; president, Tazo Tea, and as Starbucks global
chief marketing officer.
From 1990 through 2009, Young-Scrivner rose quickly through the
ranks of PepsiCo, Inc., starting as a sales and marketing intern at
Frito-Lay and advancing to roles that included vice president and
general manager of PepsiCo’s Target team, chairman and region
president for PepsiCo Foods in Greater China (based in Shanghai),
and chief marketing officer and head of sales for Quaker Foods and
Snacks Division.
Young-Scrivner was born in Taiwan to Chinese parents. Her family
immigrated to the United States when she was age 7.
Young-Scrivner’s first job while in college was as a sales
associate at The Bon Marche department store in Seattle, which
today is part of Macy’s.
Young-Scrivner earned her bachelor's degree in Business
Administration from the University of Washington in 1991, and her
MBA from the University of Minnesota in 2003. She has continued her
executive education at Yale, Darden School of Business, and the
International Institute for Management Development (IMD) Business
School in Switzerland. She and her family live in Seattle, WA.
Macy’s, Inc., with corporate offices in Cincinnati and New York,
is one of the nation’s premier retailers, with fiscal 2013 sales of
$27.931 billion. The company operates about 840 stores in 45
states, the District of Columbia, Guam and Puerto Rico under the
names of Macy’s and Bloomingdale’s, as well as the macys.com and
bloomingdales.com websites. The company also operates 13
Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated
by Al Tayer Group LLC under a license agreement.
All statements in this press release that are not statements of
historical fact are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
statements are based upon the current beliefs and expectations of
Macy’s management and are subject to significant risks and
uncertainties. Actual results could differ materially from those
expressed in or implied by the forward-looking statements contained
in this release because of a variety of factors, including
conditions to, or changes in the timing of, proposed transactions,
prevailing interest rates and non-recurring charges, competitive
pressures from specialty stores, general merchandise stores,
off-price and discount stores, manufacturers’ outlets, the
Internet, mail-order catalogs and television shopping and general
consumer spending levels, including the impact of the availability
and level of consumer debt, the effect of weather and other factors
identified in documents filed by the company with the Securities
and Exchange Commission. In light of these risks and uncertainties,
readers are cautioned not to place undue reliance on
forward-looking statements. Except as may be required by applicable
law, Macy’s disclaims any obligation to update its forward-looking
statements for any reason.
(NOTE: Additional information on Macy’s, Inc., including past
news releases, is available at www.macysinc.com/pressroom).
Macy’s, Inc.Media - Jim Sluzewski, 513-579-7764Investor - Matt
Stautberg, 513-579-7780
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