Macy's announced a series of executive changes intended to better suit the retailer's goals of improved omnichannel and innovation, all effective Jan. 31.
"Our company benefits from extraordinary and deep talent at all levels, and we are creating new opportunities for well-rounded and experienced executives who understand the value of placing the customer at the center of all decisions as shopping patterns evolve," Terry Lundgren, Macy's chairman and CEO, said in a statement. "These management assignments allow some of our most senior people to apply their expertise in new directions and to take our company to the next level of success."
Jeff Gennette, president, steps down as chief merchandising officer in order to focus more on merchandise planning, and will oversee merchandising and marketing of both physical and digital stores. Timothy Baxter, who was executive VP and general merchandise manager for ready-to-wear, takes over as chief merchandising officer. Molly Langenstein has also been promoted to chief private brands officer, Patti Ongman has been named chief merchandise planning officer, and Martine Reardon will continue as chief marketing officer, with the added responsibility of overseeing Macy's omnichannel market presence and strategy.
Peter Sachse, previously chief stores officer since 2012, has taken on a new role as chief for innovation and business development. He will be responsible for overseeing current and future growth initiatives, such as international development, exploration of an off-price strategy, new store formats, expansion of wedding-related gifts and services, and applying technology to the shopping experience. Tim Adams will take over as chief for international business development, Kent Anderson will serve as president for innovation, while Jeff Kantor has become chief stores officer.
Finally, Macy's announced that Chief Merchandise Planning Officer Julie Greiner will retire in August of this year. Greiner has been with the company for 40 years and served in her current role since 2009. Until her retirement, she will remain on the executive committee to help with the transition and lead special merchandising projects with Gennette. Press release