Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Macy’s CEO Terry Lundgren to Step Down Next Year

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

After 13 years, Macy’s CEO Terry Lundgren, will step down from his post amid a rough patch for Macy’s as the retailer works to meet modern demands.

Lundgren will transition the role to Jeff Gennette, currently president of Macy’s, Inc., in the first quarter of 2017, a move the company said Thursday was part of a succession plan that included bringing Gennette on as president in 2014.

After next year’s first quarter, Lundgren will continue on as executive chairman, working closely with his replacement. Gennette joins Macy’s board of directors effective Thursday.

Read more at Sourcing Journal.

Related Articles

More from our brands

Access exclusive content Become a Member Today!