JPMorgan Chase exec joins Nordstrom board

Nordstrom is adding some financial expertise to its board with its latest appointment.



The Seattle-based retailer has appointed Gordon Smith, CEO of Consumer and Community Banking at JPMorgan Chase, to the company's board of directors. The addition of Smith brings the total number of directors to 15 and the number of independent directors to 12. Nordstrom directors serve one-year terms and the company requires annual elections of all Board members. Smith will join the Compensation and Corporate Governance and Nominating Committees.



"Gordon's extensive experience leading customer-focused businesses in a highly competitive industry further strengthens the already strong and diverse expertise on our Board," said Enrique Hernandez, Jr., chairman of the board of directors for Nordstrom. "We look forward to his contributions and are confident his input will benefit our Board and management team as we work to extend our reputation with customers and shareholders alike."



In 2012 Smith was named CEO of Consumer and Community Banking, a leading provider of financial services serving 66 million consumers and four million small businesses. Smith joined Chase in 2007 as CEO of Card Services and later added Merchant Services and Auto Finance. Previously Smith spent more than 25 years at American Express where he led several businesses including the U.S. Domestic Consumer Card Business and from 2005 until 2007 the Global Commercial Card business. Smith is a member of the JPMorgan Chase Operating Committee and also serves on the Board of Directors of Choice Hotels International, Inc.