MACY'S WEST CEO RETIRING; METTLER TO TAKE THE HELM.
Sullivan succeeded Michael Steinberg as chairman and CEO of the $4 billion division of Federated Department Stores in January 2000. He previously served as president and chief operating officer.
Michael Osborn, president and chief operating officer of Federated's Burdines division, will succeed Mettler as president and chief operating officer. A successor for Osborn at Burdines is expected to be named shortly. Sullivan told HFN this succession plan has been in place for some time. "My goal was to retire at 55," said Sullivan. "I just missed it by eight years." He joined the company in 1995. "Macy's West has nearly doubled in size in the time I've been here," said Sullivan, adding that the chain is expected to post $4.5 billion in sales in 2002.
"I continue to believe that Macy's West is one of the premier department stores in the U.S., and it is a combination of everyone that's here," he said.
In 1999, during Sullivan's presidency, the Union Square flagship store was remodeled, and in 2000, the retailer launched a new concept in home retailing with the South Coast Plaza store in Costa Mesa, Calif. Sullivan spearheaded the integration of the Hawaii Liberty House chain into Macy's West in July 2001.
Now Sullivan, who said Macy's West is in good hands with Mettler's solid merchandising expertise, is ready to enjoy his grandchildren, the home he's built in Napa Valley and golf. He will also continue to serve on the boards of a number of civic and philanthropic groups and private businesses.
Sullivan's prior posts include vice president for finance at I. Magnin, a former Federated division, and president of Filene's, also a former Federated division.
"This is a marvelous opportunity," Mettler told HFN. Mettler will add operations to his merchandising responsibilities.
In related news, Dawn Robertson has resigned as president of Federated Stores Direct. James Amann, executive vice president of strategic initiatives for the company, will assume responsibility for the Federated Direct division, which operates Macys.com and Bloomingdale's By Mail.
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|Title Annotation:||Jeremiah Sullivan|
|Comment:||MACY'S WEST CEO RETIRING; METTLER TO TAKE THE HELM.(Jeremiah Sullivan)(Brief Article)|
|Publication:||HFN The Weekly Newspaper for the Home Furnishing Network|
|Article Type:||Brief Article|
|Date:||May 6, 2002|
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