Nordstrom on the hunt for new CFO

Nordstrom’s longtime CFO is stepping down.



Nordstrom announced that executive VP and CFO Mike Koppel has decided to retire from the company in spring 2017. Koppel will remain in his role until then to support the search for a new CFO and assist with his successor's transition.



Koppel joined Nordstrom in 1999 and has been the company's finance head since 2001.



"We are extremely grateful for all of the contributions Mike has made over his 17 years as a leader at Nordstrom," said Blake Nordstrom, co-president of Nordstrom, Inc. "Mike has played an integral role in our company's story, helping guide us through significant periods of expansion, growth and investment. He has provided our company with tremendous knowledge and strategic financial expertise that has always been grounded with an unwavering focus on taking care of the customer."