Macy’s appoints Marie Chandoha, Jill Granoff to board
Macy’s, Inc. announced on Wednesday the appointment of Marie Chandoha and Jill Granoff to its board of directors, effective Friday.
Chandoha brings more than 35 years in financial services and investment management experience to the board. Most recently, as president and chief executive officer of Charles Schwab Investment Management, she led product and digital transformation. Prior to that, Chandoha served in executive roles at major global financial institutions including BlackRock, Barclays, Wells Fargo, Goldman Sachs and Credit Suisse.
Likewise, Granoff brings 30 years of leadership experience with expertise as a strategist and brand builder in the retail, beauty and fashion industries to the board. As the managing partner of Eurazeo and chief executive officer of Eurazeo’s Brands division, she is responsible for leading investment activities and overseeing the performance of the brand portfolio. Granoff has also served in executive roles at companies including Vince, Kenneth Cole, Liz Claiborne, Victoria’s Secret and Estée Lauder.
The move grows Macy’s, Inc. board to a total of 14 members.
“Both Marie and Jill are highly respected future-oriented leaders with proven track records as operators and innovators who bring strong and relevant expertise to reinforce the ongoing execution of our Polaris growth strategy. Marie’s deep financial services and capital markets experience and Jill’s unique ability to recognize and position companies to meet evolving consumer needs will enable them to immediately add value to our board,” said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc.
“We look forward to their insights and expertise as Macy’s, Inc. continues to deliver a differentiated shopping experience for our customers and drive growth and value for shareholders.”
Granoff said, “Macy’s, Inc. is an iconic brand recognized around the world, and I look forward to applying my industry knowledge and omnichannel operating expertise to help the company build on its strong progress and positive momentum.”
Chandoha added, “Strong capital investment and discipline are core to Macy’s, Inc.’s Polaris strategy, and I am eager to work with the board to help position the company for continued success in today’s competitive and rapidly changing environment.”
Earlier this month, Macy’s announced it is expanding its Backstage retail concept locations across the country this spring.
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