Macy’s, Inc. names Prabhakar Iyer vice president of treasury and corporate development

Macy’s, Inc. has named Prabhakar Iyer vice president of treasury and corporate development, effective immediately. In this role, Iyer will oversee the treasury, insurance, and corporate finance and development teams. He reports to Adrian Mitchell, chief financial officer of Macy’s, Inc., and is based out of the company’s New York City headquarters.

“I am pleased to welcome Prabhakar to the Macy’s, Inc. finance team,” said Mitchell in a statement. “Prabhakar has extensive experience across all aspects of finance, with a strong understanding of capital markets, cash management, foreign exchange, treasury operations, M&A and investor relations. I look forward to working with him as we continue to strengthen our balance sheet and evolve our capital allocation strategy.

Iyer joins Macy’s, Inc. from Wolverine Worldwide, Inc., where he was vice president of finance and operations, leading FP&A and supporting the finance needs of the company’s global operation. Prior to that role, he spent more than 16 years in finance at General Motors.