Macy’s, Inc. Announces Karen Hoguet, Chief Financial Officer, to Retire February 2019

Transition plan underway

CINCINNATI--()--Macy’s, Inc. (NYSE: M) announced today that Karen Hoguet, Chief Financial Officer since 1997, has decided to retire in February 2019, at the completion of the company’s fiscal year. An external search is underway for Hoguet’s replacement and the company anticipates a well-ordered transition.

“Karen Hoguet is one of retail’s most respected executives and is an outstanding Chief Financial Officer. For the past three decades, Karen has had a voice in almost every major decision at Macy’s and its predecessor Federated Department Stores. She knows our business inside and out and, through good times and bad, Karen has been a steady and strategic hand in the CFO’s seat. The company is grateful to Karen for her service. I am deeply appreciative of her partnership over the past year as we have worked together to return Macy’s to growth, and I thank her in advance for leading what I know will be a smooth transition,” said Jeff Gennette, Macy’s, Inc. chairman and chief executive officer.

Hoguet will continue in her role as CFO until her successor is appointed. She will then remain in an advisory role to support the company during a transition period until February 2, 2019.

Hoguet began her career at Federated Department Stores in 1982 and was appointed to the role of Chief Financial Officer in 1997.

About Macy’s, Inc.

Macy’s, Inc. is one of the nation’s premier retailers. With fiscal 2017 sales of $24.837 billion and approximately 130,000 employees, the company operates more than 690 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 160 specialty stores that include Bloomingdale’s The Outlet, Bluemercury and Macy’s Backstage. Macy’s, Inc. operates stores in 44 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate offices in Cincinnati, Ohio, and New York, New York.

Contacts

Macy’s, Inc.
Media
Radina Russell, 646-429-7358
radina.russell@macys.com
or
Blair Fasbender Rosenberg, 646-429-6032
blair.rosenberg@macys.com
or
Investors
Monica Koehler, 513-579-7780
investors@macys.com

Recent Stories

  • View Press Release View Press Release
    Find Your Beautiful at Macy’s This Spring
    April 17, 2018
    Photo
    NEW YORK--(EON: Enhanced Online News)--This season, beauty routines are centered in modern freshness and revitalization, with looks that highlight everything from natural and simple to bold and ela... more »
  • View Press Release View Press Release
    Shine Bright At Prom With Fashion From Macy’s
    March 28, 2018
    Photo
    NEW YORK--(EON: Enhanced Online News)--Macy’s (NYSE:M) wants every girl to look red carpet-ready this prom season. From metallic beading to feminine ruffles, party-goers nationwide can shop in stor... more »
  • View Press Release View Press Release
    Macy’s Flower Show® Presents Once Upon a Springtime
    March 20, 2018
    Photo
    NEW YORK--(EON: Enhanced Online News)--Enter a world of magic, imagination and wonder as the Macy’s Flower Show® opens the first chapter of spring with Once Upon a Springtime. Macy’s annual floral ... more »
RSS feed for Macy’s, Inc.

Macy’s, Inc.