William Lenehan joins Macy’s Board of Directors

William H. Lenehan, President and CEO of Four Corners Property Trust has been elected to the Macy's Board of Directors, effective April 1, 2016. Lenehan has extensive knowledge and experience in real estate development and management.

"Bill will contribute to our board's expertise and working knowledge on matters related to real estate, an important area of activity as we work to create shareholder value through joint ventures or other partnerships related to Macy's flagship stores and mall properties," said Terry J. Lundgren, Chairman and CEO of Macy's adding, "Bill's perspective is rooted in his real estate experience in a variety of industry sectors, including net lease, restaurants, mall, office, residential, and mixed-use."

He was named President and CEO of Four Corners, a publicly traded investment trust focused on foodservice real estate, in August 2015. Previously, he served as special advisor to the board of EVOQ Properties, owner of a substantial portfolio of development assets in downtown Los Angeles; interim CEO of MI Development, now known as Granite Real Estate Investment Trust, a real estate operating company; and investment professional in the real estate group of Farallon Capital Management, a global asset management firm.

The election of Lenehan and that of Frank Blake in November 2015 increases the size of the Macy's board to 15 members. Two board members, Meyer Feldberg and Joseph Neubauer, are scheduled to retire at the Macy's Annual Meeting of Shareholders on May 20, 2016.