Macy's board lead director to step down in December

Paul C. Varga has notified Macy's, Inc. (NYSE: M) of his resignation from the company's board of directors, effective December 11, 2026, according to a press release statement.

Varga has served as a director since 2012 and as Lead Independent Director since 2021. His departure was not attributed to any disagreement with the company, its board, or management regarding operations, policies, or practices.

The board has elected Deirdre P. Connelly to succeed Varga as Lead Independent Director, effective December 12, 2026. The board described the transition as part of its regular governance and succession planning.

Following Varga's resignation, the board will reduce the number of directors from ten to nine, also effective December 11, 2026.

You May Also Be Interested In

• Meta's Muse AI to counter China models with subscribers, not ads, Alexandr Wang says - Nikkei
• Instacart (CART) Exploring Sale - The Information
• Goldman Sachs Downgrades Norsk Hydro SA (NHY:NO) (NHYDY) to Neutral