Macy’s Honored for Diversity of Board of Directors
November 19 2015 - 6:04PM
Business Wire
Terry Lundgren accepts the Women’s Forum of
New York’s Muriel F. Siebert Leadership Award
Macy’s, Inc. (NYSE:M) today was presented with the prestigious
Muriel F. Siebert Leadership Award for extraordinary diversity of
its board of directors by the Women’s Forum of New York. The award
was accepted by Terry J. Lundgren, chairman and chief executive
officer of Macy’s, Inc.
An audience of more than 650 corporate executives, public
company directors and opinion leaders gathered in Manhattan to
honor Macy’s, Inc. and those 27 other companies among the Fortune
1000 and S&P 500 with boards of directors comprised of more
than 40 percent women.
Macy’s, Inc. is considered to have among the strongest and most
diverse boards in Corporate America. Currently, six of Macy’s
directors are women (43 percent of the total board of 14 members).
Among Macy’s directors are four members who are ethnic minorities
(Black, Hispanic and Asian-American).
“Macy’s is a company that demonstrates that having directors
with a range of experiences and perspectives leads to better
decisions and governance for all of our stakeholders,” said Joyce
M. Roché, an independent director who chairs the Macy’s board’s
Nominating and Corporate Governance Committee, in introducing
Lundgren for the award. “Terry Lundgren has been a strong leader
whose commitment and leadership have made Macy’s a model that
inspires other companies.”
“We are very proud of the strength of experience and knowledge
that each of our directors brings to the board table. They help our
business to reflect our very diverse marketplace of customers, of
whom about 70 percent are women,” Lundgren said. “Our directors
constantly challenge us to be a better company with a long-term
view for serving emerging customer needs and creating shareholder
value. Diversity at every level is a strength of Macy’s, Inc., and
we are proud of the guidance we receive from these extraordinary
individuals. Through this award today, all public companies are
encouraged to accelerate progress in making boards more
diverse.”
The Muriel F. Siebert Award was named for the first woman (in
1967) to own a seat on the New York Stock Exchange. Siebert was
also the first woman to head one of the NYSE member companies.
Macy’s, Inc., with corporate offices in Cincinnati and New York,
is one of the nation’s premier retailers, with fiscal 2014 sales of
$28.105 billion. The company operates about 900 stores in 45
states, the District of Columbia, Guam and Puerto Rico under the
names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet, Macy’s
Backstage and Bluemercury, as well as the macys.com,
bloomingdales.com and bluemercury.com websites. Bloomingdale’s in
Dubai is operated by Al Tayer Group LLC under a license
agreement.
All statements in this press release that are not statements of
historical fact are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
statements are based upon the current beliefs and expectations of
Macy’s management and are subject to significant risks and
uncertainties. Actual results could differ materially from those
expressed in or implied by the forward-looking statements contained
in this release because of a variety of factors, including
conditions to, or changes in the timing of, proposed transactions,
prevailing interest rates and non-recurring charges, competitive
pressures from specialty stores, general merchandise stores,
off-price and discount stores, manufacturers’ outlets, the
Internet, mail-order catalogs and television shopping and general
consumer spending levels, including the impact of the availability
and level of consumer debt, the effect of weather and other factors
identified in documents filed by the company with the Securities
and Exchange Commission. In light of these risks and uncertainties,
readers are cautioned not to place undue reliance on
forward-looking statements. Except as may be required by applicable
law, Macy’s disclaims any obligation to update its forward-looking
statements for any reason.
(NOTE: Additional information on Macy’s, Inc., including past
news releases, is available at www.macysinc.com/pressroom)
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Macy’s, Inc.Media - Jim Sluzewski, 513-579-7764orInvestor - Matt
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