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Macya[euro](tm)s makes senior management changes.

M2 EQUITYBITES-February 2, 2012-Macya[euro](tm)s makes senior management changes(C)2012 M2 COMMUNICATIONS

US retailer Macy's Inc (NYSE:M) on Wednesday announced a series of changes to its senior executive leadership team.

Ron Klein, Macy's chief stores officer, will retire effective 31 March 2012. He will devote the next two months to a smooth transition of the chief stores officer position, the company said.

Klein, was named Macy's chief stores officer in February 2009. He began his retail career in 1974 as a buyer at Bloomingdale's.

Peter Sachse, Macy's chief marketing officer and chairman of, will succeed Klein as Macy's chief stores officer, effective 13 February 2012. In his new role Sachse will be responsible for the nationwide portfolio of Macy's stores, as well as the region and district stores organization and visual merchandising. He will also retain responsibility for the company's omnichannel strategy, which brings together stores, online and mobile capabilities to serve customers whenever and wherever they want to shop. He will remain a member of the company's executive committee and continue to report to Terry J. Lundgren, chairman, president and chief executive officer of Macy's, Inc.

Sachse added the role of Macy's chief marketing officer in February 2009, along with serving as chairman and CEO of since April 2006. He also served as president of Macy's Corporate Marketing and was the company's first chief marketing officer in June 2003. Prior to these roles he was president and COO of The Bon Marche in Seattle. He was also EVP/general merchandise manager at Macy's East and was later promoted to vice chair/director of stores of Macy's East.

Also, Jeffrey Gennette, Macy's chief merchandising officer, will assume additional responsibility for overseeing marketing and He will closely coordinate those functions within the company's My Macy's localisation and omnichannel strategies. He will remain a member of the company's executive committee and continue to report to Lundgren.

Gennette was named Macy's chief merchandising officer in February 2009. Prior to that he was chairman and CEO of Macy's West. Before that he was chairman of Macy's Northwest in Seattle and executive vice president and director of stores for Macy's Central in Atlanta. Earlier, Gennette was SVP/general merchandise manager at Macy's West. He joined Macy's West in 1983.

In addition, Jeff Kantor, president-merchandising of, will become chairman of, effective 13 February 2012. Kantor and Kent Anderson, president of, will continue to oversee Macy's Internet business and play a key role in the omnichannel strategy. Kantor will join the company's executive committee and report to Gennette.

Kantor was named's president for merchandising in August 2010. Prior to that he was Macy's president-merchandising for home since May 2009. Before that he was president for furniture for Macy's Home Store and before that he was president of the Hecht's/Strawbridge's division of the May Department Stores Company, which was acquired by Macy's Inc. in 2005. He has also served as senior vice president and general merchandise manager for cosmetics, accessories, dresses, suits, intimate apparel and hosiery at the Filene's/Kaufmann's division of May Company.

Martine Reardon, executive vice president for marketing, will succeed Sachse as Macy's chief marketing officer, effective 13 February 2012. In this role, Reardon will be responsible for all marketing, advertising, creative development, social media, cause marketing, brand public relations, tourism marketing, customer insights and data analysis. She will join the company's executive committee and report to Gennette.

Reardon has served as executive vice president for marketing since February 2009. Prior to that she was executive vice president, national marketing strategy, events and public relations for Macy's Corporate Marketing. Before that she was senior vice president for marketing and sales promotion at New York-based Macy's East. Following the merger of Federated Department Stores and R.H. Macy & Co in 1994, she was named vice president of media overseeing the Macy's/Federated marketing effort. Reardon began her retail career in special events at Federated's Abraham & Straus division in 1984.

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Publication:M2 EquityBites (EQB)
Date:Feb 2, 2012
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