Jeff Gennette to replace Terry Lundgren as Macy’s CEO

Macy’s CEO Terry J. Lundgren since 2003 and Chairman since 2004, will transition the position of CEO to Jeff Gennette in the first quarter of 2017. The transition is part of the board of directors’ succession plan that included Gennette’s election as President of Macy’s in 2014. Gennette will join the Macy’s board of directors, effective today – bringing the size of the board to 14 members.