Leslie D. Hale Joins Macy’s, Inc. Board of Directors
January 13 2015 - 9:00AM
Business Wire
Leslie D. Hale, executive vice president, chief financial
officer and treasurer of RLJ Lodging Trust, has been elected to the
Macy’s, Inc. (NYSE:M) board of directors.
“Leslie Hale is an accomplished executive with exceptional
experience in a wide range of financial disciplines, including
corporate finance, treasury, real estate and business development.
She will be a tremendous asset to our board’s deliberations as we
develop strategies to propel our company’s continued growth,” said
Terry J. Lundgren, Macy’s, Inc. chairman and chief executive
officer. “We also expect that Hale will contribute to the rich
diversity of perspectives on the Macy’s, Inc. board. We are proud
that our company’s board is among the most inclusive of any major
corporation, and such strong leadership from the top is important
as we ensure our workforce, suppliers, marketing and community
relationships reflect the multicultural society and marketplace we
serve.”
The addition of Hale brings the size of Macy’s, Inc.’s board of
directors to 12 members. Of the 11 independent directors, six are
women and four are ethnic minorities.
Hale, 42, was promoted in April 2013 to executive vice
president, chief financial officer and treasurer of RLJ Lodging
Trust, one of the largest publicly-traded real estate investment
trusts focused on the lodging sector, with 150 hotels across the
United States. Previously, she was RLJ’s chief financial officer
and senior vice president for real estate and finance.
Hale joined Bethesda, MD-based RLJ in 2005 after a successful
career at GE Capital Corporation, a division of General Electric.
She served in roles of increasing responsibility including vice
president in the mergers and acquisitions group of GE Commercial
Finance and associate director for GE Real Estate in its Strategic
Capital Group. In addition to her experience at GE, Hale served as
an investment banker at Goldman, Sachs & Co.
Hale earned her bachelor's degree in Finance from Howard
University in 1994, and her MBA from Harvard Business School in
2001. She also serves as a trustee of Howard University and lives
with her family in the Washington, D.C. metropolitan area.
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.
(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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