Macy's CEO Jeff Gennette, who has led the department store chain's turnaround effort, will retire in early 2024. Bloomingdale's chief Tony Spring is set to succeed him.
CEO Jeff Gennette will retire early next year after a four-decade career at the company, the department store chain announced Wednesday morning.
In addition to the CEO change, Macy's Chief Financial Officer Adrian Mitchell will take on an expanded role and also serve as the company's chief operating officer. He will lead store operations, technology and supply chain teams, along with his existing role over finance and real estate. , called Polaris, announced in February 2020. It called for accelerating digital growth, closing underperforming shops and investing in the company's best stores to boost profits.
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