Macy's CEO Jeff Gennette, who's led the company's turnaround effort, will retire next year
Publishing timestamp: 2023-03-29 11:00:01
Summary
Macy's CEO Jeff Gennette will retire in February after leading the company's turnaround efforts and navigating through the pandemic. He will be succeeded by Tony Spring, CEO of Bloomingdale's. The company also announced that CFO Adrian Mitchell will take on an expanded role as COO. Despite facing challenges, Macy's has rebounded from lows during the pandemic and is setting up well for the future.
Sentiment: MIXED
Tickers: M,
Keywords: macy's inc, breaking news: business, business, retail industry, business news,
Source: https://www.cnbc.com/2023/03/29/macys-ceo-jeff-gennette-will-retire.html