Macy's appoints Tony Spring as CEO effective Feb 4, 2024; Jeff Gennette retires after 40 years

Macy's, Inc.

Tony Spring, age 58, becomes CEO and Chairman-Elect on Feb 4, 2024, succeeding Jeff Gennette.
Jeff Gennette retires as CEO after 40 years, remains Non-Executive Chairman until 2024 annual meeting.
Spring receives $1.3M base salary, 200% target incentive, $8.5M annual equity grant, and $4M one-time equity grant.
Gennette gets $90K board retainer, $160K cash in lieu of equity, and $200K chair retainer, pro-rated.
Spring has 36 years at Bloomingdale's and served as President and CEO-Elect since 2023.

item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Jeff Gennette

Non-Executive Chairman

M · Macy's, Inc.

Effective: 2024-02-04
Successor: Tony Spring
Filed: February 2, 2024, 6:59 PM ET

Jeff Gennette, age 62, will retire as Chief Executive Officer of the Company effective February 3, 2024 after 40 years of service and will remain a member and Non-Executive Chairman of the Board through the Company’s 2024 annual meeting of shareholders.

Appointed

Tony Spring

Chief Executive Officer

M · Macy's, Inc.

Effective: 2024-02-04
Filed: February 2, 2024, 6:59 PM ET

elected Tony Spring, age 58, Chief Executive Officer and Chairman of the Board-Elect of the Company, effective February 4, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeff Gennette was appointed as Non-Executive Chairman at Macy's, Inc..

Action: retired as Chief Executive Officer and appointed Non-Executive Chairman
Role: Non-Executive Chairman

Exact text from the filing

Jeff Gennette, age 62, will retire as Chief Executive Officer of the Company effective February 3, 2024 after 40 years of service and will remain a member and Non-Executive Chairman of the Board through the Company’s 2024 annual meeting of shareholders.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tony Spring was elected as Chief Executive Officer at Macy's, Inc..

Action: elected
Role: Chief Executive Officer

Exact text from the filing

elected Tony Spring, age 58, Chief Executive Officer and Chairman of the Board-Elect of the Company, effective February 4, 2024

View on SEC.gov

Macy's, Inc. filing history →

Source: SEC EDGAR

accession 0000794367-24-000010

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