Macy’s, Inc. Strengthens Senior Management Structure to Inform and Empower Growth
February 01 2016 - 2:00PM
Business Wire
Peter Sachse named Chief Growth Officer;
Justin MacFarlane joins Macy’s, Inc. as Chief Strategy,
Analytics and Innovation Officer
Macy’s, Inc. (NYSE:M) today 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, and Barry 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 across Macy'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.
Executive Bios
Peter Sachse, 57, was named chief innovation and growth officer
of Macy’s, Inc. in February 2015 after serving for three years as
Macy’s chief stores officer. He previously was Macy’s chief
marketing officer since February 2009, along with serving as
chairman and CEO of macys.com since April 2006. He was president of
Macy’s Corporate Marketing from 2003 to 2006. Prior to serving in
these roles, Sachse was president and chief operating officer of
The Bon Marché in Seattle. He began his retail career with Macy's
in Kansas City and was a division merchandise manager at
Macy’s/Bullock's in Atlanta. He was also executive vice
president/general merchandise manager at Macy's East and was later
promoted to vice chair/director of stores of Macy’s East. A native
of Sheboygan, WI, Sachse lives in the New York City area. He holds
a degree from the University of Wisconsin.
Tim Baxter, 46, has served as Macy’s chief merchandising officer
since February 2015 and previously was executive vice president and
general merchandise manager for ready-to-wear since April 2013. For
more than 24 years, he has served in a variety of merchant roles
for Macy’s and The May Department Stores Company (acquired by
Macy’s, Inc. in 2005). Baxter began his career as an executive
trainee and assistant buyer at L.S. Ayres in Indianapolis in 1991
and has served in roles of increasing responsibility in a wide
range of merchandising categories. He led Macy’s fashion office,
multicultural business development and licensed business from March
2012 to April 2013. Baxter, a native of Toledo, Ohio, graduated
from Miami University (Ohio). He lives in the New York City
area.
Justin MacFarlane, 43, joined ANN INC. in 2010 as senior vice
president for corporate strategy with responsibility for strategic
planning, consumer insights and research, and execution of
enterprise strategic initiatives. Previously, he served in a number
of senior-level roles in leading consulting firms, including
leadership roles in the global retail practices of AlixPartners and
Kurt Salmon Associates. MacFarlane holds a bachelor’s degree from
Babson College and an MBA from Duke University. He lives in the New
York City area.
Macy’s, Inc., with corporate offices in Cincinnati and New York,
is one of the nation’s premier retailers, with fiscal 2014 sales of
$28.015 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.
(Note: additional information on Macy’s, Inc., including past
news releases, is available at www.macysinc.com/pressroom)
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160201005990/en/
Macy’s, Inc.Media - Jim Sluzewski, 513-579-7764orInvestor - Matt
Stautberg, 513-579-7780
Macys (NYSE:M)
Historical Stock Chart
From Mar 2024 to Apr 2024
Macys (NYSE:M)
Historical Stock Chart
From Apr 2023 to Apr 2024