Macy’s Appoints Former Hermès Americas CEO To The Board. Will It Matter? [Forbes]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Forbes
Macy's Inc. just announced the appointment of Robert Chavez, former Hermès Americas CEO, to the board of directors . He joins a board that has experienced considerable upheaval in the past year, guiding a business that has gotten into a hole it can't seem to dig itself out of. After graduating from Princeton in 1997, Chavez started his career at Bloomingdale's, under the tutelage of the legendary Marvin Traub. He moved over to Macy's, rising to divisional merchandise manager before joining Etienne Aigner Group as CEO from 1992 to 2000, then onto Hermès for the past 24 years. Yet how much influence can a single board member have for a company that is so troubled, no matter how qualified or experienced? Can Chavez's 24 year's experience guiding Hermès Americas – a luxury brand which virtually doubled revenues from 2019 to 2023 – translate to dealing with the challenges facing the flagship mass-market department store business of Macy's? Breadth And Depth Key To Board Member Suc
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- 1/3/25 - Form 4
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