Nordstrom, Inc. has appointed veteran retail finance executive Kelly Dilts as its new Chief Financial Officer, starting 29th August. She takes the position after Cathy Smith left to join Starbucks as its new CFO.
Dilts will oversee Nordstrom’s financial functions, such as corporate finance, real estate, store development, and strategic sourcing, as the Seattle-based luxury department store chain focuses its attention on growth and operating efficiency.
Dilts said that she’s thrilled to come on board at Nordstrom at this time of significant transformation in the company’s history. She added that with its heritage and steadfast commitment to customers and brand partners, Nordstrom is a thrilling opportunity, and she’s excited to collaborate with the leadership team to foster financial discipline, operational excellence, and sustainable growth.
Dilts has over 30 years of financial experience and retail strategy. Her most recent role was Executive Vice President and CFO of Dollar General since 2023. She previously held the position of CFO at Francesca’s Holding Corporation from 2016 to 2019 and Senior Vice President of Finance and Investor Relations at Tailored Brands.
Erik Nordstrom, co-CEO of Nordstrom Inc. said that after thorough searching, they are pleased to have Kelly join Nordstrom, and her broad financial expertise and profound experience with omnichannel retail will be invaluable as they continue to implement their strategy and drive value for their customers.
The hiring follows Nordstrom’s better-than-forecast fourth-quarter performance, with comparable sales increasing 4.7%—above analyst estimates of 1.25%, LSEG data shows.
