CINCINNATI (FOX19) - Macy's Executive Chairman Terry Lundgren will retire from the board of directors in January, the Cincinnati-based company announced Friday.
The board has appointed Jeff Gennette, who has been CEO since March 2017, to the additional role of Chairman. Lundgren's retirement completes a transition that has been planned since June 2016.
Lundgren released this statement about the news:
Macy's corporate officers are headquartered in Cincinnati.
Macy's, Inc. operates more than 700 department stores under the nameplates Macy's and Bloomingdale's.