Macy’s, Inc. makes management changes
US department store Macy’s strengthens senior management structure to inform and empower growth
Macy’s, Inc. (NYSE:M) announced two key senior executive changes as the company moves aggressively to grow its omnichannel business based on intensive insight into evolving consumer preferences and changing shopping patterns.
• Peter Sachse,
who has served over the past year as Chief Innovation and Business Development Officer, will assume a new role as Chief Growth Officer, reporting to Macy’s, Inc. President Jeff Gennette, effective immediately. In this position, Sachse will oversee all Macy’s merchandising, as well as Macy’s Backstage, Bluemercury and international expansion.
Among Sachse’s direct reports will be Tim Baxter, Macy’s Chief Merchandising Officer, a member of the company’s executive committee who will continue to lead all omnichannel merchandising efforts and vendor relationships, as well as product and pricing strategies, with additional opportunity ahead as the company amplifies its product strategies across new customer touchpoints domestically and internationally. Also reporting to Sachse will be Marla Malcolm Beck, chief executive officer, andBarry Beck, chief operating officer, of Bluemercury, as well as Vanessa Lefebvre, senior vice president for Macy’s Backstage, and Dustin Jones, newly appointed managing director of Macy’s China Limited.
• Justin S. MacFarlane
has joined Macy’s effective today in the new position of Chief Strategy, Analytics and Innovation Officer, reporting to Gennette. He will be a member of the company’s executive committee. MacFarlane previously was senior vice president for corporate strategy at ANN INC. MacFarlane will be responsible for Macy’s strategic development, consumer and customer research, data analysis, innovation and the development of future new business opportunities.
“These two new positions will enable us to move farther and faster in stimulating profitable sales growth in our company. Each role is critical to our ability to position the company’s brands for success in a consumer marketplace that continues to evolve in profound new directions for omnichannel retailing,” said Terry J. Lundgren, chairman and chief executive officer of Macy’s, Inc.
“Peter Sachse now will lead the development of a holistic view of our businesses with expanded opportunities as we approach customers via stores, mobile and digital acrossMacy's, Macy's Backstage and Bluemercury,” Gennette said. “Justin MacFarlane will expand our capabilities in strategy development and execution while adding significant new expertise in our ongoing quest to understand and respond to consumer behavior, as well as analyze our deep reservoir of proprietary data about how, when, where and why customers are shopping – both today and as we look into the future.”
Bloomingdale’s remains a self-standing organization led by Tony Spring, chairman and chief executive officer, and reporting to Lundgren.