Macy’s Unveils Leadership Succession Plan

Macy’s, Inc. (New York) announced that Chairman and CEO Jeff Gennette, 61, plans to retire in February 2024. Following a succession planning process that included an internal and external search, Tony Spring, 58, Macy’s Executive VP and Bloomingdale’s chairman and CEO, has been appointed President and CEO-Elect.

As President, Spring will be responsible for leading Macy’s digital, customer, merchandising and brand teams, while also overseeing the retailer’s Bloomingdale’s and bluemercury units.

As a part of the leadership transition, the company announced that CFO Adrian Mitchell, 49, will undertake the expanded role of COO. In the combined role, Mitchell will lead the stores, technology and supply chain teams, in addition to his existing finance and real estate responsibilities.

“I’m excited that Tony Spring has been appointed Macy’s Inc.’s President and will become CEO upon my retirement,” said Gennette. “He has delivered strong results at Bloomingdale’s and has been an ally and trusted partner in advancing Macy’s, Inc.’s strategies. Tony consistently innovates for the customer, is an exceptional brand builder and an excellent talent developer who has strengthened our culture through his leadership.

“And I’m delighted that Adrian’s role has greatly expanded, leveraging his deep strategic expertise, commitment to omnichannel operational excellence and strong financial discipline. Tony and Adrian are an ideal team to build on our momentum and propel Macy’s, Inc. into the future.”

Macy’s operates 566 stores under its flagship brand, along with 57 Bloomingdale’s and 166 bluemercury locales.