Macy’s on hunt for new CFO
The finance head of Macy’s Inc. is stepping down.
Macy's said that CFO Paula Price has decided to leave the company as of May 31. Price, who has been on job for about 22 months, will remain as an advisor through November 2020.
The department store giant said an external search for her successor is being conducted. Price joined Macy’s as CFO in July 2018
“She [Price] has built a strong finance leadership team, and we are fortunate to have a very deep bench to draw on to ensure a smooth transition,” said Jeff Gennette, chairman and CEO, Macy’s. “We will continue to take all necessary actions to ensure that Macy’s, Inc. emerges from this pandemic on solid footing and ready to serve our customers. Paula remains a critical part of our plan, and while I respect her decision, I also appreciate the long runway she is giving us for this transition.”