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Macy's, Inc. Appoints Marie Chandoha and Jill Granoff to Board of Directors

Strategic Insights

— 1 min read

Macy's, Inc. has strengthened its board of directors with the addition of Marie Chandoha and Jill Granoff, effective April 1, 2022. Both appointees bring extensive leadership experience and expertise in finance, investment management, and retail. Chandoha's background in financial services and capital markets will complement Macy's Polaris growth strategy, while Granoff's expertise in retail and merchandising will enhance the board's understanding of customer needs.

Key Takeaways:

  • Marie Chandoha, former president and CEO of Charles Schwab Investment Management, brings over 35 years of experience in financial services and investment management, including executive roles at BlackRock, Barclays, Wells Fargo, Goldman Sachs, and Credit Suisse.
  • Jill Granoff, managing partner of Eurazeo and CEO of Eurazeo's Brands division, has 30 years of leadership experience building and growing consumer-driven companies, with expertise in retail, beauty, and fashion.
  • The addition of Chandoha and Granoff increases the Macy's, Inc. board to 14 members, enhancing its expertise and diversity.
  • Chandoha will participate in Macy's standard non-employee director compensation arrangements, while Granoff will draw on her experience as a director at various companies, including State Street and Nest New York.
  • The appointments underscore Macy's commitment to driving sustainable and profitable growth, with Granoff stating she looks forward to applying her industry knowledge and omnichannel operating expertise to help the company build on its strong progress and positive momentum.
  • Chandoha expressed enthusiasm for working with the board to help position the company for continued success in today's competitive and rapidly changing environment.

Statistics:

  • Macy's, Inc. has a total of 14 board members, with the addition of Chandoha and Granoff.
  • Chandoha has more than 35 years of industry experience, while Granoff has 30 years.
  • Eurazeo, the private equity company Granoff is managing partner of, has $34 billion in assets under management.
  • Macy's, Inc. has a nationwide footprint and operates one of retail's largest e-commerce businesses integrated with a physical presence.

Sources:

  • Macy's, Inc. Form 8-K filing (March 30, 2022)
  • Macy's, Inc. press release announcing the appointments of Chandoha and Granoff to its board of directors (March 30, 2022)
  • Bloomberg profile: Marie Chandoha
  • Bloomberg profile: Jill Granoff
  • Eurazeo website
  • Macy's, Inc. corporate website
  • Form 8-K data provided by COMTEX.

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