Nordstrom adds two retail vets to its board
Nordstrom announced the appointment of two new members to its board of directors.
The department store retailer named Jim Donald, co-chairman and former CEO of Albertsons Companies, and Mark J. Tritton, president and CEO of Bed Bath & Beyond, to its board.
Donald’s more than 45-year retail career began with Publix Supermarkets and took him to his most recent role as CEO at Albertsons. He also served as CEO of Extended Stay America, CEO of grocery chain Haggen and as CEO of Starbucks.
Tritton is president and CEO of Bed Bath & Beyond. Previously, he was the executive VP and chief merchandising officer of Target where he oversaw all buying, sourcing, product design and development, and visual merchandising and merchandising operations.
In 2009, Tritton served as executive VP and president of Nordstrom Product Group, Nordstrom's private label collection. In that capacity, he oversaw a $1.2 billion business across 55 brands ranging across every product category. Under his leadership, the NPG business nearly doubled.
"We're pleased to welcome both Jim and Mark to the Nordstrom board of directors,” said Brad Smith, chairman of the Nordstrom board. "Their wealth of knowledge and experience in the retail sector will be invaluable as we look toward the future and how we can continue to evolve and improve the customer experience.”
Nordstrom said that board members Kevin Turner and Gordon Smith have chosen not to seek re-election to the board at the expiration of their respective terms at the company's annual shareholders meeting on May 20, 2020.
Additionally, the board announced planned changes designed to enhance its corporate governance. This will include reducing the maximum size of the board from 11 to 10 over the next two years and introducing a 10-year term limit for independent directors.