Macy's Has a CEO Succession Plan. Can It Fix the Stock?
Shares of the department store company have tumbled about 17% in 2023.
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Shares of the department store company have tumbled about 17% in 2023.
Jeff Gennette, chairman and CEO of Macy’s Inc. and a 40-year veteran of the company, will retire in February.
Macy's Chairman and CEO Jeff Gennette will retire at the end of the fiscal year will be succeeded by Bloomingdale's Chairman and CEO Tony Spring.
Macy's Inc on Wednesday said its Chief Executive Officer Jeff Gennette will retire in February, after serving the U.S. department store chain for 40 years and will be succeeded by insider Tony Spring.
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