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Share Name | Share Symbol | Market | Type |
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Macys Inc | NYSE:M | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.55 | 3.03% | 18.70 | 18.735 | 18.384 | 18.39 | 754,172 | 15:29:43 |
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers .
(d) The Board of Directors of Macy's, Inc. ("Macy's") announced today that Terry J. Lundgren, Macy's CEO since 2003 and Chairman since 2004, will transition the title of CEO to Jeff Gennette in the first quarter of 2017. The transition is part of the board of directors' succession plan that included Gennette's election as President of Macy's, Inc. in 2014. Beyond the first quarter of 2017, Mr. Lundgren will continue as Executive Chairman of the Company and continue to work with Mr. Gennette as President and CEO.
On June 20, 2016, the Board of Directors elected Mr. Gennette, age 55, to serve as an employee member of Macy's board of directors effective as of June 23, 2016.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release of Macy's dated June 23, 2016.
INDEX TO EXHIBITS
Index
Number
99.1 Press Release of Macy's dated June 23, 2016.
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