Bloomingdale's longtime chief executive Michael Gould is retiring, and will be succeeded by current president and chief operating officer Tony Spring, Macy's announced in a statement.
Gould, 70, has held the top post for 22 years, overseeing the upscale retailer since 1991 when he joined the company as chairman and chief executive officer.
"Leading this great brand and organization to a new level of success over two decades has been a great privilege. I feel that now is the appropriate time for a change for both the company and myself," Gould said in a release.
Spring, 48, has been with the company for 26 years, when he began his career in 1987 as an executive trainee in the White Plains, N.Y., store. He worked his way up with the company and was promoted to president and COO in 2008. Spring takes up his post as chief executive on Feb. 1. A successor to Spring as president will be announced next year.
For more see:
This Macy's press release
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