Macy’s, Inc. CEO Jeff Gennette, 61, said last week that he will retire in February of 2024 after nearly 40 years working for the department store giant.
Tony Spring, the chairman and CEO of Bloomingdale’s, has been named to succeed Mr. Gennette after the retailer engaged in “a rigorous succession planning process that included an internal and external search.” Mr. Spring, 58, is now president and CEO-elect for Macy’s, Inc. and has been named to the company’s board. He will be responsible for leading Macy’s, Inc.’s customer, merchandising and brand teams and overseeing the Bloomingdale’s and bluemercury businesses.
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