Transition plan underway
CINCINNATI--(BUSINESS WIRE)--Apr. 4, 2018--
Macy’s, Inc. (NYSE: M) announced today that Karen Hoguet, Chief
Financial Officer since 1997, has decided to retire in February 2019, at
the completion of the company’s fiscal year. An external search is
underway for Hoguet’s replacement and the company anticipates a
“Karen Hoguet is one of retail’s most respected executives and is an
outstanding Chief Financial Officer. For the past three decades, Karen
has had a voice in almost every major decision at Macy’s and its
predecessor Federated Department Stores. She knows our business inside
and out and, through good times and bad, Karen has been a steady and
strategic hand in the CFO’s seat. The company is grateful to Karen for
her service. I am deeply appreciative of her partnership over the past
year as we have worked together to return Macy’s to growth, and I thank
her in advance for leading what I know will be a smooth transition,”
said Jeff Gennette, Macy’s, Inc. chairman and chief executive officer.
Hoguet will continue in her role as CFO until her successor is
appointed. She will then remain in an advisory role to support the
company during a transition period until February 2, 2019.
Hoguet began her career at Federated Department Stores in 1982 and was
appointed to the role of Chief Financial Officer in 1997.
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 more than 690 department stores under the nameplates
Macy’s and Bloomingdale’s, and approximately 160 specialty stores that
include Bloomingdale’s The Outlet, Bluemercury and Macy’s Backstage.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180404006281/en/
Source: Macy’s, Inc.
Radina Russell, 646-429-7358
Fasbender Rosenberg, 646-429-6032