Macy’s adds more female board members
Macy’s has expanded its board by two.
The department store retailer announced the appointment of Marie Chandoha, former president and CEO of Charles Schwab Investment Management, and Jill Granoff, managing partner of Eurazeo and CEO of Eurazeo’s Brands division, to its board of directors, effective April 1, 2022.
Macy’s said the appointments enhance the board’s expertise across retail, merchandising, capital markets and investing.
“Our ongoing effort to enhance the expertise and diversity of our board is a key pillar of our board’s commitment to support the company’s long-term strategic plan and drive sustainable and profitable growth,” stated Paul Varga, Macy’s lead independent director. “Marie and Jill’s appointments underscore this commitment, and we are thrilled to welcome them to the Macy’s, Inc. board.”
[Read More: Macy’s in $5 billion commitment to ‘more equitable future,’ hiking minimum pay]
Chandoha brings more than 35 years in financial services and investment management spaces. Most recently, she led Charles Schwab Investment Management’s product and digital transformation, building a high-performing organization and doubling the firm’s assets under management. Earlier in her distinguished career, Chandoha served in executive roles at major global financial institutions including BlackRock, Barclays, Wells Fargo, Goldman Sachs and Credit Suisse.
Granoff brings 30 years of deep leadership experience building and growing consumer-driven companies with expertise as a strategist and brand builder in the retail, beauty and fashion industries. In her roles at Eurazeo, she is responsible for leading investment activities and overseeing the performance of the firm’s Brands portfolio globally. Granoff has also served in executive roles across retail at leading companies including Vince, Kenneth Cole, Liz Claiborne, Victoria’s Secret and Estée Lauder.
“Both Marie and Jill are highly respected future-oriented leaders with proven track records as operators and innovators who bring strong and relevant expertise to reinforce the ongoing execution of our Polaris growth strategy,” said Macy’s chairman and CEO Jeff Gennette. “Marie’s deep financial services and capital markets experience and Jill’s unique ability to recognize and position companies to meet evolving consumer needs will enable them to immediately add value to our board.”
With the addition of Chandoha and Granoff, the Macy’s board will comprise 14 members.