Macy’s Inc. CEO succeeded by Jeff Gennette

Endaba Group

Macy’s Inc. Chief Executive officer, Terry J. Lundgren will be succeeded as CEO by Jeff Gennette in the first quarter of 2017. Lundgren has been CEO since 2003, and chairman since 2004 and will continue as Executive Chairman to work alongside Gennette, who will continue as President as well as CEO. Gennette has joined the Board of Directors, bringing the size of the board to 14 and will assume additional management responsibility during the transition period, including oversight of the Macy’s store organisation