Cowen Largely Positive on Macy's (M) CEO Succession Plans; Affirms at 'Market Perform'
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Macy’s, Inc. Announces CEO Succession Plan
June 23, 2016 9:00 AM EDTTerry Lundgren to remain Executive Chairman as Jeff Gennette becomes CEO in the first quarter of 2017; Planned succession process supports upcoming strategies for business improvement
CINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today announced that Terry J. Lundgren, the companys CEO since 2003 and Chairman since 2004, will transition the position of CEO to Jeff Gennette in the first quarter of 2017. The transition is part of the board of directors succession plan that included Gennettes election as President of Macys, Inc. in 2014. Beyond the first... More
