Macy’s Inc. Shuffles Administrative Executives

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Cincinnati—Following up on the news that Thomas Cole, chief administrative officer at Macy’s Inc., is retiring after 41 years, the department store company announced Monday a series of administrative shifts as a result.

While Cole will remain with the company through May as part of a transition process, the new positions are effective immediately:

●William Allen, who previously served as senior vice president of AP Moller-Maersk A/S, joined Macy’s as chief human resources officer. Allen will oversee Macy’s human resources, diversity strategies and corporate communications and external affairs functions.

●Robert Harrison, previously Macy’s executive vice president for omnichannel strategy, assumed the newly-created role of chief omnichannel officer. He also joins the company’s executive committee.

●Karen Hoguet, Macy’s Inc. chief financial officer, will assume additional responsibility for credit and customer services, real estate, non-merchandise purchasing and sustainability. All of the company’s finance and accounting functions report to her.

●Peter Sachse, Macy’s chief stores officer, will assume additional responsibility for store planning, design and construction. The company’s nationwide portfolio of Macy’s stores, as well as the region, district and central stores organization and visual merchandising, continue to report to Sachse. He is also a member of the Macy’s executive committee.

All four executives report to Terry Lundgren, chairman/ceo of Macy’s Inc.

“These adjustments to our senior leadership team provide continuity and strengthen our ability to innovate as we work to maximize results in the years ahead from our core business strategies, including My Macy’s localization, omnichannel alignment, and customer engagement,” Lundgren said.

“Our company and I owe a great debt of gratitude for the skill and leadership of Tom Cole in guiding the company’s operations and key corporate functions through periods of unprecedented change. Tom’s influence has been particularly profound over the past seven years as we integrated the acquisition of The May Department Stores Company, migrated to the nationwide Macy’s brand, developed new business and organization structures, aggressively pursued our omnichannel vision and improved our customer shopping experience,” Lundgren said.

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