Macy's, Inc. M today announced a series of changes to its senior
executive leadership team, effective immediately.
Thomas L. Cole is retiring as Macy's, Inc.'s chief administrative officer
after an exceptional 41-year career with Macy's, Inc. and its predecessor
companies. He will remain with the company through May 2013 to affect a smooth
transition to several other executives. His responsibilities have been
re-assigned as follows:
* William S. Allen has joined Macy's, effective today, as chief human
resources officer. Allen, a seasoned corporate human resources executive
who previously served as senior vice president of AP Moller-Maersk A/S,
joins the Macy's executive committee and reports to Terry J. Lundgren,
chairman, president and chief executive officer. Allen will oversee
Macy's, Inc.'s human resources, diversity strategies, and corporate
communications and external affairs functions. In addition, Allen will
have administrative responsibility for the law function that reports
directly to Lundgren.
* Robert B. Harrison, previously Macy's executive vice president for
omnichannel strategy, is assuming the newly-created role of chief
omnichannel officer, reporting to Lundgren. He also will join the
company's executive committee. In addition to his existing role managing
the development of strategies to closely integrate the company's stores,
online and mobile activities, Harrison will assume responsibility for
systems and technology, logistics and related operating functions.
* Karen M. Hoguet, Macy's, Inc. chief financial officer, will assume
additional responsibility for credit and customer services, real estate,
non-merchandise purchasing and sustainability. All of the company's
finance and accounting functions report to Hoguet. In addition, she will
have administrative responsibility for the internal audit function that
reports directly to Lundgren. Hoguet is a member of the Macy's executive
committee and reports to Lundgren.
* Peter Sachse, Macy's chief stores officer, will assume additional
responsibility for store planning, design and construction. The company's
nationwide portfolio of Macy's stores, as well as the region, district and
central stores organization and visual merchandising, continue to report
to Sachse. He is a member of the Macy's executive committee and reports to
Lundgren.
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