Nordstrom appoints two new member to its board of directors

Seattle-based Nordstrom, Inc. has appointed two new members to its board of directors: Kirsten Green, Forerunner Ventures’ Founder and MD and Glenda McNeal, President of American Express Company Enterprise Strategic Partnerships. The company also shared that Phil Satre, current independent director, has announced that he will not seek re-election and his term will end in May. Satre was appointed to the board in 2006. The two appointments and Satre's retirement will bring the total number of directors to 11, nine of whom serve as independent directors.

"As Nordstrom focuses on its ambition to be the best fashion retailer in a digital world and achieving its long-term financial commitments, we're pleased to welcome both Kirsten and Glenda to our board of directors," said Brad Smith, Chairman of the Nordstrom board in a statement.

Kirsten Green and Glenda McNeal join Nordstrom’s board of directors

The company said in a statement that Green launched San Francisco-based Forerunner Ventures in 2010, which specializes in understanding today's consumer and is dedicated to investing in ambitious entrepreneurs who define and dominate a new generation of commerce. From B2C to B2B companies, their portfolio includes retailers like Bonobos, Dollar Shave Club, Jet and Warby Parker. She currently also serves as a member of the board of directors at Glossier, Outdoor Voices, Ritual, Inturn and Indigo Fair, among other Forerunner portfolio companies. Prior to Forerunner she was an equity research analyst and investor at Banc of America Securities (formerly Montgomery Securities) covering publicly-traded retail and consumer stocks.

McNeal, the company added, currently leads American Express' strategy, negotiations and key initiatives for the company's strategic relationships, including the largest travel, e-commerce, technology and retail partners. In prior roles, McNeal has led the company through pivotal transformation and growth, including expansions into new industries that do not typically accept credit cards. She has held a variety of roles of increasing responsibility since first joining American Express in 1989. McNeal currently serves on the boards of RLJ Lodging Trust and the World Travel & Tourism Council.

Pictures:Kirsten Green and Glenda McNeal via Nordstrom





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