Paula A. Price, an accomplished financial executive with an impressive breadth and depth of retail experience, has been named as the new Chief Financial Officer (CFO) at Macy’s Inc., the American department store chain, effective July 9, 2018.
Notably, Paula will succeed Karen Hoguet, who is planning to retire, and report to Macy’s Chairman and Chief Executive Officer Jeffrey Gennette.
Today we announced Paula A. Price will become Macy’s, Inc. chief financial officer, effective July 9. Read more on Paula’s background here: https://t.co/zI7wvqsTp0 pic.twitter.com/xvMWQaGuCA
— Macy’s (@Macys) May 23, 2018
The outgoing CFO will extend her support to the company in an advisory role during the transition period until February 2 next year.
Price, who holds 30 years of finance experience primarily in retail and consumer-facing businesses, is currently a full-time senior lecturer in the accounting and management unit at Harvard Business School, a role she has held since 2014.
She has also served Ahold USA as Chief Financial Officer where she handled a team of over 1,000 across finance, accounting, strategy and planning, real estate and information technology
Macy’s, Inc. is one of the nation’s premier retailers. With fiscal 2017 sales of US $ 24.837 billion and approximately 130,000 employees, the company operates approximately 690 department stores.
